NorthMarq Capital’s Tampa office secures $6.3 million permanent fixed financing for Pine Rock in Hamden, Connecticut
Pine Rock
TAMPA, FLORIDA (January 11, 2018) – NorthMarq Capital’s Tampa regional office, arranged $6,304,000 permanent fixed-financing of a 120-bed student housing property located in Hamden, Connecticut. The property is conveniently located near multiple campuses and offers affordable accommodation for students. This transaction was structured with a ten year loan-term on a 30 year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac.
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.
