NorthMarq arranges permanent financing of $36.3 million for Campus Circle Apartments in Tallahassee, Florida
WASHINGTON, D.C. (April 13, 2015) – Gary McGlynn, senior vice president/co-managing director and Kenneth Gentzel, senior vice president/co-managing director of NorthMarq’s Washington, D.C. office arranged permanent financing of $36.3 million for Campus Circle Apartments, a 219-unit student housing property located at 800 Basin Street in Tallahassee, Florida. Tallahassee, one of Florida’s most prominent college cities, is home to several colleges and universities—most notably Florida State University and Florida A&M University. The transaction was structured with long term interest-only financing.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.