Northmarq’s Jacksonville office arranges $57.6M refinance for The Atlantic in Port Orange, Florida
JACKSONVILLE, FLORIDA (May 3, 2022) – Lamar Sarra, senior vice president of Northmarq’s Jacksonville office, arranged the $57,612,000 refinance through Fannie Mae for The Atlantic, a recently constructed 310-unit multifamily property in Port Orange, Florida. Fannie Mae provided a competitive rate on this Near Stabilization transaction for a repeat Northmarq and Fannie Mae client. Utilizing our streamlined rate lock process, the entire interest rate was fixed within 24 hours of receiving the executed application. The property was also granted a Green Certificate that enhanced the competitive pricing.
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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
