NorthMarq arranges $36.3 million refinance of multifamily property in Tallahassee, Florida
2626 Park
ORLANDO, FLORIDA (July 17, 2020) – NorthMarq’s Orlando and Tampa offices completed the $36,300,000 refinance of 2626 Park. The 440-unit multifamily property is located in Tallahassee, Florida. The transaction was structured with a 10-year term with 2-years of interest only followed by a 30-year amortization schedule. NorthMarq secured financing for the borrower through its OPTIGO status as a Freddie Mac lender.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
