NorthMarq Capital completes $11.5 million refinance of multifamily property in Oakland Park, Florida
Set Point Apts
MIAMI (March 31, 2014) – Bill Johnson, senior vice president/managing director of NorthMarq Capital’s Miami-based office finalized the $11.5 million refinance of Set Point Apartments, a four building, three story class “B” garden style rental apartment complex containing 230 one and two room bedroom units for a total of 142,760 of net rentable area. The transaction was structured with a 7-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
