NorthMarq arranges permanent financing of $36.3 million for Campus Circle Apartments in Tallahassee, Florida
WASHINGTON, D.C. (April 13, 2015) – Gary McGlynn, senior vice president/co-managing director and Kenneth Gentzel, senior vice president/co-managing director of NorthMarq’s Washington, D.C. office arranged permanent financing of $36.3 million for Campus Circle Apartments, a 219-unit student housing property located at 800 Basin Street in Tallahassee, Florida. Tallahassee, one of Florida’s most prominent college cities, is home to several colleges and universities—most notably Florida State University and Florida A&M University. The transaction was structured with long term interest-only financing.
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