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.