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