ORLANDO, FLORIDA (March 20, 2020) – Melissa Marcolini Quinn, managing director/senior vice president of NorthMarq’s Orlando-based regional office arranged acquisition financing of $12.91 million for Legacy at Lanier. The 150-unit multifamily property is located at 1750 Columns Drive in Gainesville, Georgia. The transaction was structured with a 10-year term with 3-years of interest-only followed by a 30-year amortization schedule. NorthMarq arranged the financing on behalf of the borrower through its in-house Fannie Mae platform.
“Legacy at Lanier represents one of two properties that our client was acquiring in a tight timeline. We were able to work diligently with our in-house Fannie team and ensure a seamless execution for our borrower,” said Melissa Marcolini Quinn.