NorthMarq Capital’s Atlanta office secures $10 million refinance of Marsh Cove and Somerset in Fernandina Beach, Florida
Marsh Cove & Somerset
ATLANTA (January 31, 2018) – Randy Wolfe, managing director of NorthMarq Capital’s Atlanta regional office, arranged refinancing of $10,000,000 for Marsh Cove & Somerset, a 166-unit multifamily property located in Fernandina Beach, Florida. Marsh Cove & Somerset is perfectly located, offering island living on the marsh front at competitive rental rates. This transaction was structured with a 7-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through Fannie Mae utilizing pricing savings from their Green Rewards program.
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.
