Student Housing - Debt

NorthMarq Capital arranges construction financing of $17.4 million for University Grande at Southeastern Louisiana University

ORLANDO, FLORIDA (July 25, 2018) – Bill Hardman, from NorthMarq Capital’s Orlando regional office and NorthMarq Capital’s Tampa regional 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,” said Hardman. 

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.