NorthMarq Capital arranges refinancing of $36 million for The Polos Apartments in Gainesville, Florida
JACKSONVILLE – Lamar Sarra, senior vice president of NorthMarq Capital’s Jacksonville regional office, arranged refinancing of $36,000,000 for The Polos Apartments, a 560-unit student housing property located in Gainesville, Florida. The transaction was structured with a 10-year term (5-years interest only) on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Fannie Mae.
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