Multifamily - Debt

NorthMarq Capital

NorthMarq Capital’s Miami office secures $1.235 million refinance of West Palm Beach Villas in West Palm Beach, Florida

MIAMI (December 4, 2018) – Jordan Hopkins, vice president of NorthMarq Capital’s Miami regional office arranged the $1.235 million refinance of West Palm Beach Villas, a 30-unit multifamily property located in West Palm Beach, Florida. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local bank.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.