NorthMarq’s Orlando and Tampa offices provide acquisition financing of $46,800,000 for multifamily property in Tallahassee, Florida
Evergreens at Mahan
ORLANDO, FLORIDA (January 21, 2021) – NorthMarq's Orlando and Tampa offices collaborated to secure acquisition financing of $46,800,000 for Evergreens at Mahan, a 412-unit multifamily property located in Tallahassee, Florida. The transaction was structured with a 10-year term with 5-years of interest-only followed by a 30-year amortization schedule. NorthMarq arranged the financing on behalf of the borrower through its in-house Fannie Mae DUS platform.
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.
