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 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.
