NorthMarq Capital’s Tampa office finalizes $5.25 million refinance of a 55+ MHP in DeBary, Florida
Highland Country Estates
TAMPA (December 11, 2018) –NorthMarq Capital’s Tampa regional office arranged the $5.25 million refinance of Highland Country Estates, a 55+ age manufactured housing property consisting of 235-units (27.67 acres) and located at 830 North Charles Richard Beall Boulevard in DeBary, Florida. The permanent-fixed loan was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
“The request was for a very low-leverage loan and our correspondent life company won the deal with a very favorable interest rate,” noted Bob Hernandez, senior vice president/managing director of the Tampa office.
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.
