NorthMarq’s Orlando office finalizes $24,689,760 bridge loan for multifamily property in Maitland, Florida

The Q at Maitland

Debt & Equity

Multi-Tenant

ORLANDO, FLORIDA (July 6, 2021) –NorthMarq’s Orlando office arranged the $24,689,760 bridge loan for The Q at Maitland. The 129-unit multifamily property is located at 430 East Peckwood Avenue in Maitland, Florida. The transaction was structured with a 3-year interest-only term. NorthMarq arranged the bridge loan for the borrower through its correspondent relationship with Voya Investment Management, a life company lender.

The Q at Maitland benefits from close proximity to Maitlands shopping, dining and entertainment options, along with close access to the city’s SunRail, located just a few blocks from the property. Amenities include: Hot spots with wireless internet, resident parking, concrete between floors for noise reduction, controlled-access building entrance, designer cabinetry, valet waste pick-up, furnished units available, clubhouse, lounge, fitness center, pool, sundeck and grill. Apartments contain washer/dryer in unit, air conditioning, dishwasher, walk-in closets, microwave and refrigerator.

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About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.

NorthMarq’s Orlando office finalizes $24,689,760 bridge loan for multifamily property in Maitland, Florida

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