Northmarq finalizes $3.5 million permanent loan for Greens Condominium Portfolio in Orlando, Florida

Greens Condominium Portfolio
Debt & Equity
Multi-Tenant
Multifamily
Permanent Loan - Fixed
Bank
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ORLANDO, FLORIDA (April 8, 2022) – Northmarq’s Orlando-based debt/equity office arranged $3.5 million financing for a portfolio of 70 condominium units. Greens Condos, built in 2000, is located at 3700 Castle Pines Lane in Orlando, Florida. The transaction was structured with a 10-year term (5-year fixed, non-recourse), with 1-year of interest only followed by a 30-year amortization. Northmarq secured the refinancing for the borrower through its relationship a local bank. 

“We were happy to deliver a financing solution for a foreign sponsor on a difficult fractured condo deal. The sponsor didn’t have enough units to control the association and their existing banking relationship couldn’t get comfortable. We were able to source a local bank that stepped-up to provide strong terms.”

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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.
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