NorthMarq Capital’s Tampa office completes $4 million refinance of Reserve at Hunter’s Ridge in New Port Richey, Florida
TAMPA (December 11, 2018) – NorthMarq Capital’s Tampa-based regional office arranged the $4 million refinance of Reserve at Hunter’s Ridge, a 40-unit market multifamily property located at 5214 Little Road in New Port Richey, Florida. The permanent-fixed loan was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae DUS platform.
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.
