NorthMarq Capital’s Tampa office negotiates permanent loan of $4 million for Whisperwood Manufactured Home Park in Deland, Florida

Whisperwood Manufactured Home Park

Debt & Equity

Multi-Tenant

TAMPA (February 14, 2018) – Larry Curry, senior vice president of NorthMarq Capital’s Tampa regional office, arranged a $4 million permanent loan for Whisperwood Manufactured Home Park, a 396-unit senior housing/manufactured home park located at 3070 Whisper Boulevard in Deland, Florida. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “This is a high-quality senior park with 9-hole pitch & putt golf course, two swimming pools, billiard and poker tables, lighted tennis and shuffle board courts, bocce ball court, horseshoes, library and a fully equipped commercial kitchen for resident’s use,” said Curry. “Life companies quote a lower interest than the agency lenders because the loan-to-value was less than 25 percent.”

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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.