{"id":1004128652,"date":"2015-10-01T19:07:59","date_gmt":"2015-10-02T03:07:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004128652"},"modified":"2022-03-03T11:57:37","modified_gmt":"2022-03-03T19:57:37","slug":"northmarq-secures-tidy-refi-for-upscale-duo-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/northmarq-secures-tidy-refi-for-upscale-duo-2\/","title":{"rendered":"NorthMarq Secures Tidy Refi for Upscale Duo"},"content":{"rendered":"

\"The<\/a><\/p>\n

NorthMarq Capital<\/a> has refinanced a pair of upscale assets in Key West and Port St. Lucie for a combined $74.6 million. The Westin Key West Resort and The Atlantic at Tradition Apartments. Bill Johnson, a senior vice president & managing director based in the financial intermediary\u2019s Boca Raton office secured the financing for both properties.<\/p>\n

The Westin Key West Resort hotel, located at 245 Front Street in Key West, was refinanced for $50 million in a transaction structured with a fully amortizing 20-year term. Certified as a Green Lodging Resort, the property offers a pool, marina, two spa facilities, beach access, and a fitness studio.<\/p>\n

The Atlantic at Tradition Apartments is a 252-unit multifamily asset located at 10297 SW Village Parkway in Port St. Lucie. The property was refinanced for about $24.6 million, and the deal was structured with a 10-year term that includes two years of interest only, followed by a 30-year amortization schedule.<\/p>\n

Part of an 8,300-acre master-planned community, the property offers a list of amenities that includes an on-site park, clubhouse, theater, swimming pool, outdoor veranda, a 24-hour fitness center, conference room, children\u2019s play area, tennis court, and a lakeside walking trail.<\/p>\n

NorthMarq arranged financing for the borrowers through an undisclosed life insurance company.<\/p>\n","protected":false},"excerpt":{"rendered":"

The nation’s largest privately owned servicer and provider of CRE debt and equity has refinanced a pair of upscale assets in Key West and Port St. Lucie.<\/p>\n","protected":false},"author":35,"featured_media":1004507283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004128652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\nNorthMarq Secures Tidy Refi for Upscale Duo - 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-secures-tidy-refi-for-upscale-duo-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NorthMarq Secures Tidy Refi for Upscale Duo\" \/>\n<meta property=\"og:description\" content=\"The nation's largest privately owned servicer and provider of CRE debt and equity has refinanced a pair of upscale assets in Key West and Port St. Lucie.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/northmarq-secures-tidy-refi-for-upscale-duo-2\/\" \/>\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=\"2015-10-02T03:07:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T19:57:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/The-Westin-Key-West-Resort.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Balazs Szekely\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/northmarq-secures-tidy-refi-for-upscale-duo-2\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/northmarq-secures-tidy-refi-for-upscale-duo-2\/\",\"name\":\"NorthMarq Secures Tidy Refi for Upscale Duo - 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