Multifamily - Debt

Northmarq’s Jacksonville office arranges $57.6M refinance for The Atlantic in Port Orange, Florida

JACKSONVILLE, FLORIDA (May 3, 2022) – Lamar Sarra, senior vice president of Northmarq’s Jacksonville office, arranged the $57,612,000 refinance through Fannie Mae for The Atlantic, a recently constructed 310-unit multifamily property in Port Orange, Florida. Fannie Mae provided a competitive rate on this Near Stabilization transaction for a repeat Northmarq and Fannie Mae client.  Utilizing our streamlined rate lock process, the entire interest rate was fixed within 24 hours of receiving the executed application.  The property was also granted a Green Certificate that enhanced the competitive pricing. 

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.