TAMPA (September 16, 2013) – Lee Weaver, senior vice president and senior director of NorthMarq’s Tampa regional office, arranged first mortgage refinancing of $3.3 million for Carrollwood Town Centre, a 72,787 sq. ft. unanchored retail center located in Tampa, Florida. Financing was based on a 7-year term and a 20-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a correspondent life company lender.
“The loan allows for the borrower to utilize excess land for outparcel operators,” Weaver said.
NorthMarq, the largest privately held commercial real estate financial intermediary in the U.S., provides mortgage banking and commercial loan servicing in 33 offices coast to coast. With an average of $9.5 billion in annual production volume and servicing a loan portfolio of over $41 billion, the company offers expertise to borrowers of all size. The company has a long track record of multi-family financing as a Freddie Mac Program Plus™ Seller-Servicer, and through its affiliation with Fannie Mae DUS lender AmeriSphere Multifamily Finance. In addition, NorthMarq has long relationships with over 50 life companies, many CMBS platforms and hundreds of local, regional and national banks. For more information, please visit www.northmarq.com.