NorthMarq’s Orlando office arranges acquisition financing of $8,215,000 for Atlantica Apartments in Jacksonville, Florida

Atlantica Apts
Debt & Equity
Multi-Tenant
Multifamily
Permanent Loan - Fixed
Freddie Mac
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ORLANDO, FLORIDA (June 14, 2019) – NorthMarq’s Orlando-based regional office secured acquisition financing of $8,215,000 for Atlantica Apartments, a 100-unit multifamily property located at 2760 Mayport Road in Jacksonville, Florida. The transaction was structured with a 10-year term with 5-years of interest-only followed by a 30-year amortization schedule. NorthMarq arranged financing on behalf of the borrower through its Freddie Mac Optigo seller/servicer relationship.

“This was a great acquisition opportunity for Enzo Multifamily in an up and coming area of Jacksonville, Florida. Our sponsor saw the opportunity to implement Green improvements and increase the rents to market levels. We were able to deliver a great execution for this repeat borrower."

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About Northmarq 
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.
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