NorthMarq completes $3,991,000 refinance of The Lofts San Marco in Jacksonville, Florida
The Lofts San Marco
JACKSONVILLE, FLORIDA – Lamar Sarra, senior vice president/managing director of NorthMarq’s Jacksonville office negotiated the $3.991 million refinance of The Lofts San Marco. The 38-unit multifamily property is located at 1450 Flagler Avenue in Jacksonville, Florida.
Financing Details:
- 10-year term (with 5-years of interest-only payments)
- 30-year amortization schedule
- NorthMarq arranged the permanent-fixed loan for the borrower through its in-house Fannie Mae team.
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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.
