NorthMarq arranges $31,360,000 acquisition financing for multifamily property in Tallahassee, Florida

Lullwater at Blair Stone

Debt & Equity

Multi-Tenant

ORLANDO, FLORIDA (March 26, 2021) – NorthMarq’s Tampa and Orlando offices collaborated to arrange $31.36 million in acquisition financing for Lullwater at Blair Stone for Carter Exchange. The 244-unit, garden style conventional multifamily property, built in 2020, is located at 3501 South Blair Stone Road in Tallahassee, Florida

NorthMarq arranged the permanent-fixed rate loan for a repeat Delaware Statutory Trust structured borrower through its relationship with a multinational bank.

Located in the Southwood area of Tallahassee, Florida, the property benefits from close proximity to the area’s best shopping, dining and entertainment. Apartment homes feature the most coveted amenities, including granite counters, a sunroom, generous walk-in closets, built in computer nooks with attached & detached garages available to some units. Community amenities include a state-of-the-art fitness center, clubhouse with resident lounge, resort-style pool, bark park and car care center.

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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.