NorthMarq Capital arranges refinancing of $28 million for Lexington Crossing Apartments in Gainesville, Florida
JACKSONVILLE – Lamar Sarra, senior vice president of NorthMarq Capital’s Jacksonville regional office, arranged refinancing of $28,000,000 for Lexington Crossing Apartments, a 300-unit student housing property located in Gainesville, Florida. The transaction was structured with a 10-year term (5-year interest only) on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Fannie Mae.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
