Northmarq’s Jacksonville office arranges $57.6M refinance for The Atlantic in Port Orange, Florida
The Atlantic
JACKSONVILLE, FLORIDA (May 3, 2022) – Lamar Sarra, senior vice president of Northmarq’s Jacksonville office, arranged the $57,612,000 refinance through Fannie Mae for The Atlantic, a recently constructed 310-unit multifamily property in Port Orange, Florida. Fannie Mae provided a competitive rate on this Near Stabilization transaction for a repeat Northmarq and Fannie Mae client. Utilizing our streamlined rate lock process, the entire interest rate was fixed within 24 hours of receiving the executed application. The property was also granted a Green Certificate that enhanced the competitive pricing.
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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.
