Multifamily - Debt

NorthMarq Capital

NorthMarq Capital arranges construction financing of $45 million for Elevé61 condominium in Tampa, Florida

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

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.