NorthMarq completes $3,991,000 refinance of The Lofts San Marco in Jacksonville, Florida
JACKSONVILLE, FLORIDA – 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.
Financing Details:
- 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.
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
