NorthMarq Capital’s Tampa office arranges $4 million supplemental financing for Woodlake Village Apartments in Palm Bay, Florida

Woodlake Village Apts

Debt & Equity

Multi-Tenant

TAMPA (January 3, 2018) – Bob Hernandez, senior vice president/managing director of NorthMarq Capital’s Tampa regional office, negotiated $4,000,000 Supplemental Financing for Woodlake Village Apartments, a 462-unit multifamily/conventional market property located in Palm Bay, Florida. This complex is advantageously located in the heart of Palm Bay, the largest urban area in Brevard County. This transaction was structured with an 81-month loan term on a 30 year amortization schedule to be continuous with the senior loan. NorthMarq arranged financing for the borrower through its Fannie Mae platform. “NorthMarq and Fannie Mae continue to support the sponsor’s efforts to improve the property through increased rehab and management,” said Hernandez.

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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.