NorthMarq Capital arranges $3.8 million bridge-acquisition financing for Lynn Village Apartments in Lynn Haven, Florida
Lynn Village Apts
DENVER (November 23, 2015) – NorthMarq Capital’s Denver office arranged bridge-acquisition financing of $3,800,000 for Lynn Village Apartments located at 905 26th Street W., Lynn Haven, Florida. Constructed in 1985-1986, the community consists of 151 units contained in sixteen residential buildings. The property will undergo massive renovations and we were able to fund nearly 75 percent of the total cost budget on a non-recourse basis. Amenities feature onsite laundry facility, individual patios/gardens and an outdoor picnic area. Units have central A/C, washer/dryer connections and vaulted ceilings. Mark Jeffries, vice president and Conor McCahill, investment analyst arranged the financing for the borrower.
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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.
