NorthMarq Capital’s Miami office arranges $30 million financing for a 638 unit apartment complex in Tampa, Florida
Lakeshore Club Apts
MIAMI (June 10, 2015) – Lakeshore Club Apartments, a 638 unit apartment complex located at 6900 Concord Drive in Tampa, Florida was recently refinanced for $30 million. The transaction was structured with a 10-year term and 30-year amortization schedule. Apartment amenities include GE appliances, window treatments, air conditioning, washer and dryers in select units, smoke detectors and steel entry doors with viewer. Property amenities include media and entertainment centre, a business centre, covered /reserved parking, two swimming pools, four tennis courts, fitness workout centre, electronic entry system and club house rental. The property features numerous opportunities for a serene lake view, pool or landscape courtyards views. Jeff Robertson, senior vice president of NorthMarq Capital’s Miami office arranged financing for the borrower through the company’s Seller-Server relationship with Freddie Mac.
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.
