Multifamily - Debt

NorthMarq closes $12.91 million in acquisition financing for Legacy at Lanier in Gainesville, Georgia

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.