ORLANDO, FLORIDA (March 20, 2020) – Melissa Marcolini Quinn, managing director/senior vice president, and Robert Rothaug, vice president/senior investment analyst of 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.
“This is a solid investment in a growth market. We were happy to work with Enzo Multifamily on another smooth Freddie Mac transaction,” said Marcolini Quinn.
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.
