NorthMarq Capital’s Tampa office completes $8,042,000 new construction loan for St. Robert Bellarmine Hall student housing

St. Robert Bellarmine Hall

Debt & Equity

Multi-Tenant

TAMPA (October 5, 2016) – Robert Hernandez, senior vice president/managing director of NorthMarq Capital’s Tampa-based regional office, arranged a new construction loan of $8,042,000 for St. Robert Bellarmine Hall, a 69-unit/208-bed student housing property located at 12950 and 12977 North 50th Street in Temple Terrace (Tampa), Florida. The transaction was structured with a 2-year term (with a 3-year option) with 2-years of interest only, followed by a 25-year amortization schedule for the option period. NorthMarq arranged financing for the borrower, NSHF Tampa LLC, through its relationship with First Florida Integrity Bank. “The development is a joint venture between a national developer and the Catholic diocese of St. Petersburg,” said Hernandez. “The development is needed and will greatly enhance student housing options at USF.”

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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.