NorthMarq’s Tampa office secures $6,035,000 refinance of student housing property located in Milledgeville, Georgia
TAMPA, FLORIDA (September 26, 2019) – NorthMarq’s Tampa-based regional office arranged the $6,035,000 refinance of Boulevard Milledgeville, a newly-constructed student housing property located in Milledgeville, Georgia.
The development consists of 17 cottage-style buildings with a total of 28 units and 126 beds and is located just two blocks from the Georgia College and State University (GCSU) campus.
The permanent loan was structured with a 10-year term and a 30-year amortization schedule. NorthMarq arranged financing for the borrower through Fannie Mae.
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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
