Multifamily - Debt

NorthMarq’s Orlando office finalizes acquisition financing of $8,978,000 for multifamily property in Norcross, Georgia

ORLANDO, FLORIDA (March 20, 2020) – Melissa Marcolini Quinn, managing director/senior vice president of NorthMarq’s Orlando-based regional office secured acquisition financing of $8,978,000 for Legacy at Norcross, a 100-unit multifamily property located at 1012 Harbins Road Northwest, Norcross, 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. This property represents one of the two assets included in a portfolio acquired by the client, Blue Lake Capital. 

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.