Multifamily - Debt

NorthMarq’s Robert Hernandez arranges $31.1 million refinance for Woodlake Village Apartments in Palm Bay, Florida

TAMPA, FLORIDA (July 7, 2021) – Robert Hernandez, senior vice president/managing director of NorthMarq’s Tampa office negotiated the $31.1 million refinance for the 462-unit Woodlake Village Apartments in Palm Bay, Florida. The loan was structured with a 10-year term and 5-years interest only. NorthMarq arranged financing for the borrower through its Fannie Mae DUS relationship. 

Built in 1975, the property has three pools, two lighted tennis courts, picnic and grilling areas, playground and a dog park.

“The Fannie Mae DUS team was efficient and effective in securing this loan for the repeat borrower,” said Hernandez.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.