Student Housing - Debt

NorthMarq Capital’s Tampa office arranges permanent loan of $6.375 million for acquisition of student housing near FSU in Tallahassee, Florida

TAMPA (January 22, 2018) – NorthMarq Capital’s Tampa regional office arranged a permanent loan of $6.375 million for five two-story student properties consisting of a total of 111 beds located near Florida State University in Tallahassee, Florida. The transaction was structured with a 12-year term with 3-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its in-house Fannie Mae platform. 

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.