NorthMarq Capital’s Tampa office secures $3.1 million permanent loan for The Landings at Dossey Oaks in Lakeland, Florida
TAMPA (October 17, 2017) – Robert Hernandez, senior vice president/managing director of NorthMarq Capital’s Tampa regional office arranged $3.1 million in permanent financing for The Landings at Dossey Oaks, a 27-unit multifamily property located at 1008-1079 Dossey Oaks Lane in Lakeland, Florida. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae platform. “This was a small loan in a secondary market, the second one financed through Fannie Mae for this repeat borrower,” said Hernandez. “The sponsor had numerous options and several lenders considering the loan. Our Fannie Mae team moved quickly and aggressively to secure the transaction.”
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.
