Stephen Whitehead of NorthMarq Capital’s Dallas office arranged $93.65 million in financing for two properties in Florida

Two Multifamily Properties

Debt & Equity

Multi-Tenant

DALLAS (July 13, 2018) – Stephen Whitehead, managing director of NorthMarq Capital’s Dallas regional office, capitalized a two-property portfolio located in Florida totaling $93,650,000. This capital was a combination of fixed and floating rate debt as well as joint venture equity. Both loans were structured with a 10-year term (with 5-yrs interest only) on a 30-year amortization schedule. The two properties were: Sundance Village a 304-unit multifamily property, located in Miami, Florida, and The Gardens at Nova a 140-unit multifamily property, located in Davie, Florida.

Stephen Whitehead secured financing for the borrower through NorthMarq’s Fannie Mae DUS platform and the joint venture equity was arranged with one of NorthMarq’s correspondent Life Companies. “Our Fannie Mae group did a great job and exceeded the borrower’s expectations when they were able to decrease the spread at rate lock days before closing,” said Whitehead.

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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.