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