Multifamily - Debt

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 an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.