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 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: www.northmarq.com.
