Northmarq’s Debt + Equity team secures $6.3M refinancing for RV community in Florida
Vero Beach Kamp
Northmarq’s Jacksonville Debt + Equity team led by Ryan Whitaker secured the $6.3 million refinancing of Vero Beach Kamp.
Northmarq arranged the permanent-fixed financing on behalf of their borrower. The CMBS lender offered the best combination of proceeds, pricing and amortization, structured on a full-term interest-only payment schedule to maximize borrower cash flow after debt service.
Located in Sebastian, Florida, Vero Beach Kamp features 161 RV sites. The community offers a variety of amenities including a swimming pool, playground, laundry area and more.
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.
