NorthMarq Capital completes $11.5 million refinance of multifamily property in Oakland Park, Florida
MIAMI (March 31, 2014) – Bill Johnson, senior vice president/managing director of NorthMarq Capital’s Miami-based office finalized the $11.5 million refinance of Set Point Apartments, a four building, three story class “B” garden style rental apartment complex containing 230 one and two room bedroom units for a total of 142,760 of net rentable area. The transaction was structured with a 7-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller-servicer 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.
