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