NorthMarq Capital arranges refinancing of $42.75 million for Seminole Grand Apartments in Tallahassee, Florida

Seminole Grand Apts
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JACKSONVILLE – Lamar Sarra, senior vice president of NorthMarq Capital’s Jacksonville regional office, arranged refinancing of $42,750,000 for Seminole Grande Apartments, a 487-unit student housing property located in Tallahassee, Florida. The transaction was structured with a 10-year term (3-year interest only) on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Fannie Mae. 

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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.