NorthMarq Capital’s Tampa office arranges $3.5 million refinance of Meadowood Apartments in Lakeland, Florida
Meadowood Apts
TAMPA (July 28, 2016) – Robert Hernandez, managing director of NorthMarq Capital’s Tampa-based regional office, arranged the $3.5 million refinance of Meadowood Apartments, a 40-unit multifamily property located on Brook Meadow Drive and Pogonia Drive in Lakeland, Florida. The transaction was structured with a 10-year term and 30-year amortization. NorthMarq arranged financing for the borrower through its Fannie Mae DUS program. The property is comprised of duplex townhomes on contiguous individual parcels. “The borrower and lender worked well together in resolving several issues concerning the refinance, which ultimately resulted in a smooth and efficient closing,” said Hernandez.
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.
