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

Two Multifamily Properties

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.  

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:

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