Northmarq arranges permanent loan financing of $55.275 million for Northview student housing in Oviedo, Florida

Northview Student Housing

Debt & Equity

Multi-Tenant

ORLANDO, FLORIDA (August 2, 2018) – Northmarq's Orlando and Tampa office collaborated to arrange permanent loan financing of $55,275,000 for the Northview student housing project adjacent to the University of Central Florida. The property has 180-units with 600-beds. The transaction was structured with a 12-year term on a 25-year amortization schedule. Northmarq arranged financing for the borrower through its relationship with a regional bank.

“This purchase and restructuring of the tax exempt bond issue greatly reduced the interest rate and improved the terms of the overall deal. Northview is one of the nicest student housing projects in the entire country and this financing will further help the school and the non-profit owners of this project."

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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.