NorthMarq’s Orlando and Tampa office secure acquisition financing of $35,530,000 for Polos on Park in Tallahassee, Florida
ORLANDO, FLORIDA (July 19, 2019) – NorthMarq’s Orlando and Tampa offices collaborated to arrange acquisition financing of $35,530,000 for Polos on Park. The property contains 440 units and is located in Tallahassee, Florida. The bridge loan was structured with a 2-year interest-only term. NorthMarq arranged financing for the borrower through its relationship with a bridge/mezzanine lender.
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.
