Student Housing - Debt

NorthMarq Capital’s Tampa office finalizes $10.097 million refinance for student housing property in Tallahassee, Florida

TAMPA (October 5, 2016) – NorthMarq Capital’s Tampa-based regional office arranged the $10.097 million refinance of a 226-bed student housing property located at 2030 Belle Vue Way in Tallahassee, Florida. The transaction was structured with a 10-year term with 2-years interest only, followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac. 

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.