NorthMarq Capital’s Jacksonville office arranges $9.85 million refinance of The Landings at Bivens Arm in Gainesville, Florida
The Landings at Bivens Arm
JACKSONVILLE - Lamar Sarra, senior vice president/ senior director of NorthMarq Capital’s Jacksonville regional office, arranged refinancing of $9,850,000 for The Landings at Bivens Arm, a 92-unit student housing property in Gainesville, Florida. The transaction was structured with a 10-year term on a 30-year amortization schedule, with two years interest-only. NorthMarq arranged financing for the borrower through its Fannie Mae platform.
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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.
