Multifamily - Debt

NorthMarq Capital Orlando negotiates $75.24 million refinance of The Quaye at Palm Beach Gardens

ORLANDO (December 7, 2016) – NorthMarq Capital’s Orlando-based regional office finalized the $75.24 million refinance of The Quaye at Palm Beach Gardens, a new 340-unit, class “A” multifamily property located in Palm Beach Gardens, Florida. The project is a green project that was designed and built to the NAHB Gold Standard. It won the prestigious South Florida Business Journal’s ‘Best Green Project of the Year’ in addition to winning ‘Best Amenities’ in the 2016 Southeast Florida Circle of Winners contest. The property was built by the borrower’s development arm, The Housing Group, and NorthMarq was able to arrange this refinance during lease-up through Fannie Mae’s Pre-Stabilization program.

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.