Northmarq arranges construction financing of $17.4 million for University Grande at Southeastern Louisiana University
University Grande
ORLANDO, FLORIDA (July 25, 2018) – Northmarq's Orlando office and Northmarq's Tampa office arranged construction financing of $17,400,000 for the first purpose-built student housing project in the Southeastern Louisiana University market. The property will have 156-units with 480-beds. The transaction was structured with a 3-year interest only term. Northmarq arranged financing for the borrower through its relationship with a regional bank.
“This was a challenging deal that was made easier by a quality sponsor/borrower, who is also a very experienced general contractor."
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.
