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. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.