Multifamily

NorthMarq Capital’s Boca Raton office arranges acquisition financing of $1.04 million for Pompano Garden Villas in Pompano Beach, Florida

BOCA RATON (November 3, 2017) – Jordan Hopkins, vice president of NorthMarq Capital’s Boca Raton regional office, arranged acquisition financing of $1.04 million for Pompano Garden Villas, a 15-unit multifamily property located in Pompano Beach, Florida. The transaction was structured with a 20-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through Freddie Mac’s SBL program.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.