Senior Housing - Debt

NorthMarq Capital

NorthMarq Capital’s Tampa office negotiates permanent loan of $4 million for Whisperwood Manufactured Home Park in Deland, Florida

TAMPA (February 14, 2018) – Larry Curry, senior vice president of NorthMarq Capital’s Tampa regional office, arranged a $4 million permanent loan for Whisperwood Manufactured Home Park, a 396-unit senior housing/manufactured home park located at 3070 Whisper Boulevard in Deland, Florida. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

“This is a high-quality senior park with 9-hole pitch & putt golf course, two swimming pools, billiard and poker tables, lighted tennis and shuffle board courts, bocce ball court, horseshoes, library and a fully equipped commercial kitchen for resident’s use,” said Curry. “Life companies quote a lower interest than the agency lenders because the loan-to-value was less than 25 percent.”

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.