Student Housing - Debt

NorthMarq Capital’s Tampa office secures $6.3 million permanent fixed financing for Pine Rock in Hamden, Connecticut

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.

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.