Multifamily - Debt

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

ORLANDO, FLORIDA (March 20, 2020) – 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. 

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.