Senior Housing - Debt, Equity

NorthMarq Capital

NorthMarq Capital’s Tampa office arranges $14.22 million construction debt and equity for assisted living facility in Riverview, Florida

TAMPA (April 21, 2016) – Robert Hernandez, managing director of NorthMarq Capital’s Tampa-based regional office, negotiated $14.22 million in construction debt and equity for Twin Creeks Assisted Living Facility, a 55,035 sq. ft. property consisting of 96 beds. The transaction was structured with a three-year interest only term. NorthMarq arranged financing for the borrower, Lithia Assisted Living, LLC through its relationship with a regional bank and a private equity investor.

“The equity fund, construction lender and sponsors were all patient and worked diligently to see the project through the permitting process,” said Hernandez. “Private equity allowed this much-needed facility to be built.”

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.