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.
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.
