TAMPA (March 31, 2014) – Larry Curry, senior vice president of NorthMarq Capital’s Tampa based regional office secured the $3.45 million refinance of Fletcher Properties, three retail buildings and an office/warehouse consisting of 30,310 sq.ft. located in Gainesville, Fla. The transaction was structured with a 10-year term and 25-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a regional bank. The financing involved underwriting multi-tenant properties in different locations.
“The borrower was very diligent in providing all of the closing items such as estoppel letters, SNDAs, P&L statements, etc.,” said Curry. “The lender committed and closed per the terms of their application.”
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.