Student Housing - Debt

NorthMarq Capital’s Tampa office arranges $12.675 million loan for Clarksville, Tennessee student housing property

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.

 

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.