NorthMarq Capital’s Jacksonville office arranges $9.85 million refinance of The Landings at Bivens Arm in Gainesville, Florida
JACKSONVILLE - Lamar Sarra, senior vice president/ senior director of NorthMarq Capital’s Jacksonville regional office, arranged refinancing of $9,850,000 for The Landings at Bivens Arm, a 92-unit student housing property in Gainesville, Florida. The transaction was structured with a 10-year term on a 30-year amortization schedule, with two years interest-only. NorthMarq arranged financing for the borrower through its Fannie Mae platform.
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