NorthMarq’s Orlando office finalizes $24,689,760 bridge loan for multifamily property in Maitland, Florida
ORLANDO, FLORIDA (July 6, 2021) –NorthMarq’s Orlando office arranged the $24,689,760 bridge loan for The Q at Maitland. The 129-unit multifamily property is located at 430 East Peckwood Avenue in Maitland, Florida. The transaction was structured with a 3-year interest-only term. NorthMarq arranged the bridge loan for the borrower through its correspondent relationship with Voya Investment Management, a life company lender.
The Q at Maitland benefits from close proximity to Maitlands shopping, dining and entertainment options, along with close access to the city’s SunRail, located just a few blocks from the property. Amenities include: Hot spots with wireless internet, resident parking, concrete between floors for noise reduction, controlled-access building entrance, designer cabinetry, valet waste pick-up, furnished units available, clubhouse, lounge, fitness center, pool, sundeck and grill. Apartments contain washer/dryer in unit, air conditioning, dishwasher, walk-in closets, microwave and refrigerator.
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.
