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

Assisted Living Facility
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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 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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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