NorthMarq Capital arranges refinancing of $15.475 million for Gemstone Village Apartments in Orange Park, Florida
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.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
