NorthMarq Capital Orlando negotiates $75.24 million refinance of The Quaye at Palm Beach Gardens
The Quaye at Palm Beach Gardens
ORLANDO (December 7, 2016) – NorthMarq Capital’s Orlando-based regional office finalized the $75.24 million refinance of The Quaye at Palm Beach Gardens, a new 340-unit, class “A” multifamily property located in Palm Beach Gardens, Florida. The project is a green project that was designed and built to the NAHB Gold Standard. It won the prestigious South Florida Business Journal’s ‘Best Green Project of the Year’ in addition to winning ‘Best Amenities’ in the 2016 Southeast Florida Circle of Winners contest. The property was built by the borrower’s development arm, The Housing Group, and NorthMarq was able to arrange this refinance during lease-up through Fannie Mae’s Pre-Stabilization program.
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.