NorthMarq secures $16,242,500 in equity for the construction of a Class A student housing property in Tallahassee, Florida
Haven 17 at FSU
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.
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.
