TAMPA (July 16, 2018) – Robert Hernandez, senior vice president/managing director and Lauren Hanley, vice president of NorthMarq Capital’s Tampa regional office arranged construction financing of $45,000,000 for Elevé61, a condominium located at 858 Channelside Drive, Tampa, Florida. The luxury condo tower will include 61 residences within 35 floors. The transaction was structured with a 3-year term on an interest only basis. The loan closing and initial funding was made prior to any pre-sales. NorthMarq arranged financing for the borrower through its relationship with a private lender.
This transaction was featured in the Tampa Bay Business Journal. Read the story here.