NorthMarq Capital’s Jacksonville office arranges $9.85 million refinance of The Landings at Bivens Arm in Gainesville, Florida
JACKSONVILLE - Lamar Sarra, senior vice president/ senior director of NorthMarq Capital’s Jacksonville regional office, arranged refinancing of $9,850,000 for The Landings at Bivens Arm, a 92-unit student housing property in Gainesville, Florida. The transaction was structured with a 10-year term on a 30-year amortization schedule, with two years interest-only. NorthMarq arranged financing for the borrower through its Fannie Mae platform.
Meet our team
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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
