NorthMarq’s Orlando and Tampa offices provide acquisition financing of $46,800,000 for multifamily property in Tallahassee, Florida

Evergreens at Mahan
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ORLANDO, FLORIDA (January 21, 2021) – NorthMarq's Orlando and Tampa offices collaborated to secure acquisition financing of $46,800,000 for Evergreens at Mahan, a 412-unit multifamily property located in Tallahassee, Florida. The transaction was structured with a 10-year term with 5-years of interest-only followed by a 30-year amortization schedule. NorthMarq arranged the financing on behalf of the borrower through its in-house Fannie Mae DUS platform. 

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.