NorthMarq Capital’s Tampa office finalizes $35 million refinance of The Boulevard Apartments in Largo, Florida
TAMPA (September 26, 2016) – Larry Curry, senior vice president of NorthMarq Capital’s Tampa-based regional office negotiated the $35 million refinance of The Boulevard Apartments, a 260-unit multifamily property located at 2098 Seminole Boulevard in Largo, Florida. The transaction was structured with a 10-year term with 4-years interest only, followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “Our correspondent life insurance company committed to a fixed-rate permanent loan during lease-up of a class “A” apartment community.”
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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.
