Student Housing - Debt

NorthMarq Capital

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

JACKSONVILLE (August 15, 2018) – 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 Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.