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.”

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.