JACKSONVILLE, FLORIDA (January 30, 2020) – Lamar Sarra, senior vice president/managing director of NorthMarq’s Jacksonville office negotiated the $3.991 million refinance of The Lofts San Marco. The 38-unit multifamily property is located at 1450 Flagler Avenue in Jacksonville, Florida.
– 10-year term (with 5-years of interest-only payments)
– 30-year amortization schedule
– NorthMarq arranged the permanent-fixed loan for the borrower through its in-house Fannie Mae team.