NorthMarq's Larry Curry arranges $30 million construction loan for Boulevard Apartments in Largo, Florida
Boulevard Apts
TAMPA (April 22, 2014) – Larry Curry, senior vice president of NorthMarq Capital’s Tampa based regional office secured a $30 million construction loan for Boulevard Apartments, a 260-unit multifamily property located at 2098 Seminole Blvd, Largo, Florida. The transaction was structured with a 3-year term, Interest Only plus two year extension with a 30-year amortization. The loan was arranged for the borrower, Dockside Investors, LLC by NorthMarq through its relationship with a national bank. The development will feature Club Style amenities including: elevator buildings, expanded fitness facilities, indoor lap pool/spas, nature trails, pet park and concierge services—all tailored to active lifestyles. All residential units have nine foot ceilings and eight foot entry doors, wood cabinetry and granite counter surfaces. “The borrower is also focusing on developing several other in-fill locations, with high professional employment, with Class A multifamily properties,” said Curry.
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.
