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 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.
