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