NorthMarq Capital’s Tampa office finalizes $35 million refinance of The Boulevard Apartments in Largo, Florida
The Boulevard Apts
TAMPA (September 26, 2016) – Larry Curry, senior vice president of NorthMarq Capital’s Tampa-based regional office negotiated the $35 million refinance of The Boulevard Apartments, a 260-unit multifamily property located at 2098 Seminole Boulevard in Largo, Florida. The transaction was structured with a 10-year term with 4-years interest only, followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “Our correspondent life insurance company committed to a fixed-rate permanent loan during lease-up of a class “A” apartment community.”
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.
