NorthMarq Capital arranges $16.05 million acquisition loan for 252 unit multifamily property in Orlando in 30 days

Landmark at Siena Springs

Debt & Equity

Multi-Tenant

LOS ANGELES (October 23, 2015) – Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles regional office arranged the $16.05 million acquisition loan of Landmark at Siena Springs, a 252 unit multifamily property located at 6101 Westgate Drive in Orlando, Florida. The transaction was structured with a 10-year term with 2-years interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a conduit CMBS lender. Landmark at Siena Springs offers a beautiful lake-front property with views provided by private patios and balconies. Property amenities include: seven pools; a dog park; preferred employer discounts; Wi-Fi Café; outdoor grill and picnic area; business center; recreation center; clubhouse and storage space. Unit amenities include: air conditioning; cable ready; heating; high speed internet access; washer/dryer hook-up; dishwasher; walk-in closets and window coverings. “We were able to close this very challenging transaction with many moving parts in an unstable CMBS market in 30 days,” noted Schwartz.

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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.