NorthMarq secures $16,242,500 in equity for the construction of a Class A student housing property in Tallahassee, Florida
TAMPA, FLORIDA (July 24, 2019) – NorthMarq’s Tampa-based regional office arranged a $16,242,500 equity placement for the construction of Haven 17 at FSU. The 702-bed student housing property is located in Tallahassee, Florida. NorthMarq arranged financing for the borrower through its relationship with a private equity source.
The community will have a full slate of amenities including a cyber-lounge with charging stations, coffee bar, fitness center, yoga studio with on-demand classes, tanning room, sauna, gaming area, computer center, private study areas, Amazon package lockers and Smart Market vending. Additionally, the pool area will include an expansive sun deck with TVs, built-in grilling stations, putting green and a hammock garden.
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.
