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 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.
