NorthMarq arranges $31,360,000 acquisition financing for multifamily property in Tallahassee, Florida
ORLANDO, FLORIDA (March 26, 2021) – NorthMarq’s Tampa and Orlando offices collaborated to arrange $31.36 million in acquisition financing for Lullwater at Blair Stone for Carter Exchange. The 244-unit, garden style conventional multifamily property, built in 2020, is located at 3501 South Blair Stone Road in Tallahassee, Florida
NorthMarq arranged the permanent-fixed rate loan for a repeat Delaware Statutory Trust structured borrower through its relationship with a multinational bank.
Located in the Southwood area of Tallahassee, Florida, the property benefits from close proximity to the area’s best shopping, dining and entertainment. Apartment homes feature the most coveted amenities, including granite counters, a sunroom, generous walk-in closets, built in computer nooks with attached & detached garages available to some units. Community amenities include a state-of-the-art fitness center, clubhouse with resident lounge, resort-style pool, bark park and car care center.
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.
