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 an industry-leading 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 an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.