NorthMarq Capital’s Tampa office secures $3.1 million permanent loan for The Landings at Dossey Oaks in Lakeland, Florida

The Landings at Dossey Oaks

Debt & Equity

Multi-Tenant

TAMPA (October 17, 2017) – Robert Hernandez, senior vice president/managing director of NorthMarq Capital’s Tampa regional office arranged $3.1 million in permanent financing for The Landings at Dossey Oaks, a 27-unit multifamily property located at 1008-1079 Dossey Oaks Lane in Lakeland, Florida. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae platform. “This was a small loan in a secondary market, the second one financed through Fannie Mae for this repeat borrower,” said Hernandez. “The sponsor had numerous options and several lenders considering the loan. Our Fannie Mae team moved quickly and aggressively to secure the transaction.”

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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.