{"id":1004067670,"date":"2013-02-21T14:25:12","date_gmt":"2013-02-21T22:25:12","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=104286"},"modified":"2022-12-08T19:49:22","modified_gmt":"2022-12-09T03:49:22","slug":"northmarq-arranges-11-1m-mortgage-for-two-orange-park-m-f-properties","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/northmarq-arranges-11-1m-mortgage-for-two-orange-park-m-f-properties\/","title":{"rendered":"NorthMarq Arranges $11.1M Mortgage for Two Orange Park M-F Properties"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Georgiana Mihaila, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/Image.asp_.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-104287\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/Image.asp_.jpg\" alt=\"\" width=\"250\" height=\"188\" \/><\/a>Real estate financial intermediary NorthMarq recently arranged combined acquisition financing of $11.1 million for two multifamily properties located in Orange Park, Fla.<\/p>\n<p style=\"text-align: justify\">Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrowers, Fieldstone Group, LP and Millstone, LP, by NorthMarq through its seller-servicer relationship with Freddie Mac. Ryan Whitaker, vice president of NorthMarq\u2019s Jacksonville Regional office, spearheaded the operation.<\/p>\n<p style=\"text-align: justify\">\u201cEach property was an acquisition with legal complexity associated with the HOA and separate CDD and had to close by year-end 2012,\u201d Whitaker said. \u201cFreddie Mac understood the time sensitivity and legal complexities added by the HOA and CDD structures and delivered another successful closing for NorthMarq.\u201d<\/p>\n<p style=\"text-align: justify\">The two properties make up for 160 market rate units, with Fieldstone Village Apartments\u2014located at 573 Oakleaf Plantation Parkway\u2014consisting of 96 units, and Millstone Village Apartments, set at 4190 Plantation Oaks Boulevard, of another 64 units. Both properties are part of a Home Owner\u2019s Association (HOA) and Community Development District (CDD).<\/p>\n<h6 style=\"text-align: justify\">Image courtesy of NorthMarq<\/h6>\n<p style=\"text-align: justify\">\n","protected":false},"excerpt":{"rendered":"<p>Real estate financial intermediary NorthMarq has recently arranged a combined acquisition financing of $11.1 million two multifamily properties located in Orange Park, Florida. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrowers<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1591,21742],"tags":[],"class_list":["post-1004067670","post","type-post","status-publish","format-standard","hentry","category-jacksonville","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NorthMarq Arranges $11.1M Mortgage for Two Orange Park M-F Properties - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/northmarq-arranges-11-1m-mortgage-for-two-orange-park-m-f-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NorthMarq Arranges $11.1M Mortgage for Two Orange Park M-F Properties\" \/>\n<meta property=\"og:description\" content=\"Real estate financial intermediary NorthMarq has recently arranged a combined acquisition financing of $11.1 million two multifamily properties located in Orange Park, Florida. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrowers\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/northmarq-arranges-11-1m-mortgage-for-two-orange-park-m-f-properties\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-02-21T22:25:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:49:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/Image.asp_.jpg\" \/>\n<meta name=\"author\" content=\"Amalia Otet\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northmarq-arranges-11-1m-mortgage-for-two-orange-park-m-f-properties\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northmarq-arranges-11-1m-mortgage-for-two-orange-park-m-f-properties\\\/\"},\"author\":{\"name\":\"Amalia Otet\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9f6a1043b1429cf8ff129c75614caa73\"},\"headline\":\"NorthMarq Arranges $11.1M Mortgage for Two Orange Park M-F Properties\",\"datePublished\":\"2013-02-21T22:25:12+00:00\",\"dateModified\":\"2022-12-09T03:49:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northmarq-arranges-11-1m-mortgage-for-two-orange-park-m-f-properties\\\/\"},\"wordCount\":181,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northmarq-arranges-11-1m-mortgage-for-two-orange-park-m-f-properties\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/02\\\/Image.asp_.jpg\",\"articleSection\":[\"Jacksonville\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northmarq-arranges-11-1m-mortgage-for-two-orange-park-m-f-properties\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northmarq-arranges-11-1m-mortgage-for-two-orange-park-m-f-properties\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northmarq-arranges-11-1m-mortgage-for-two-orange-park-m-f-properties\\\/\",\"name\":\"NorthMarq Arranges $11.1M Mortgage for Two Orange Park M-F Properties - 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