NorthMarq Capital’s Tampa office arranges $12.675 million loan for Clarksville, Tennessee student housing property
University Landing
TAMPA (October 13, 2018) – NorthMarq Capital’s Tampa regional office, arranged acquisition financing of $12,675,000 for University Landing, a 385-bed/158-unit student housing property located at 101 University Avenue in Clarksville, Tennessee. The transaction was structured with a 12-year term on a 30-year amortization schedule. NorthMarq arranged the permanent-fixed financing for the borrower through its relationship with Fannie Mae.
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.
