Multifamily - Debt, Equity

NorthMarq Capital arranges $55 million in construction financing and joint venture equity for the Residences at Dania Pointe in Dania Beach, Florida

TAMPA (October 9, 2018) – NorthMarq Capital’s Tampa regional office and Orlando regional office collaborated to secure a $35 million construction loan and $20 million in joint venture equity for the Residences at Dania Pointe, a 260-unit multifamily property located at South Bryan Road in Dania Beach, Florida. The debt was structured with a 5-year term followed by a 25-year amortization schedule. NorthMarq arranged the debt for the borrower through its relationship with a regional bank. The joint venture equity was provided through a Florida-based investment firm.  

The residences at Dania Pointe is situated in the middle of the region’s newest, open-air lifestyle community featuring more than one million square feet of retail, restaurant, office and hospitality uses.

 

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.