NorthMarq Capital’s Tampa office arranges $5 million in supplemental financing for Townsgate Apartments in Plant City, Florida
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.
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.
