NorthMarq Capital’s Miami office arranges acquisition financing of $1.42 million for multifamily property in Deerfield Beach, Florida
MIAMI (April 28, 2017) – Jordan Hopkins, vice president of NorthMarq Capital’s Miami-based regional office, arranged acquisition financing of $1.42 million for a 19-unit multifamily property located at 1102 SE 3rd Street in Deerfield Beach, Florida. The transaction was structured with a 20-year term with one year of interest-only followed by a 30-year amortization schedule. NorthMarq arranged the financing via Freddie Mac’s Small Balance Loan Program for the borrower through its relationship with a national bank.
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.
