Multifamily - Debt

NorthMarq Capital

NorthMarq Capital’s Tampa office secures $3.1 million permanent loan for The Landings at Dossey Oaks in Lakeland, Florida

TAMPA (October 17, 2017) – Robert Hernandez, senior vice president/managing director of NorthMarq Capital’s Tampa regional office arranged $3.1 million in permanent financing for The Landings at Dossey Oaks, a 27-unit multifamily property located at 1008-1079 Dossey Oaks Lane in Lakeland, Florida. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae platform. “This was a small loan in a secondary market, the second one financed through Fannie Mae for this repeat borrower,” said Hernandez. “The sponsor had numerous options and several lenders considering the loan. Our Fannie Mae team moved quickly and aggressively to secure the transaction.”

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.