NorthMarq Capital arranges financing of $24 million for Fountains at Bay Hill in Orlando, Florida

Fountains at Bay Hill
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SAN DIEGO (November 4, 2014) – Steve Hollister, senior vice president of NorthMarq Capital’s San Diego based regional office secured financing of $24 million for Fountains at Bay Hill, a 103,767 sq.ft. retail property located in Orlando, Florida. The transaction was structured with a 7-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. ”The lender won the deal by providing a flexible prepayment structure combined with an excellent rate,” said Hollister. “The prepayment structure was the greater of Yield Maintenance or one percent in years 1-3 and then opens at par for the remainder of the term.”

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.

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