ORLANDO, FLORIDA (March 20, 2020) – NorthMarq’s Orlando office, arranged the acquisition loan as an Optigo® Freddie Mac lender. The property is located at 4714 Crosswind Court in Melbourne, Florida.
The mortgage features a 10-year term with 5-years of interest only, followed by a 30-year amortization schedule. The borrower was able to utilize Freddie Mac’s Index Lock program to protect against a rise in the Treasury yield during the closing process.
