NorthMarq Capital’s Tampa office arranges $5 million in supplemental financing for Townsgate Apartments in Plant City, Florida
Townsgate Apts
TAMPA (October 2, 2017) – NorthMarq Capital’s Tampa regional office arranged supplemental financing of $5 million for Townsgate Apartments, a 264-unit conventional-market multifamily property located at 1211 Goldfinch Drive in Plant City, Florida. The transaction was structured with a 68-month term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae platform.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
