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 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.