DALLAS (March 12, 2014) – Suzanne Jones, vice president of NorthMarq Capital’s Dallas based regional office negotiated the acquisition of 7002 Gunn Highway, a 10,700 sq.ft. retail center located in Tampa, Fla. The transaction was structured with a 20-year term and 20-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a correspondent life company.
“We were able to secure long term life company financing for the acquisition of a high quality investment with an exceptional tenant base for my client,” said Jones.
About NorthMarq Capital
NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides mortgage banking and commercial loan servicing in 34 offices coast to coast. With more than $10 billion in annual production volume and servicing a loan portfolio of more than $42 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 loan production and loan servicing relationships with more than 50 life companies, many CMBS platforms and hundreds of local, regional and national banks. For more information, please visit www.northmarq.com.