NorthMarq Capital arranges refinancing of $15.475 million for Gemstone Village Apartments in Orange Park, Florida
Gemstone Village Apts
JACKSONVILLE – Ryan Whitaker, senior vice president of NorthMarq Capital’s Jacksonville regional office, arranged refinancing of $15,475,000 for Gemstone Village Apartments, consisting of 128-units, located in Orange Park, Florida. The transaction was structured with a 10-year term (4-years interest only) on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.
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.
