NorthMarq arranges $36.3 million refinance of multifamily property in Tallahassee, Florida
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.
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.
