Ryan Whitaker secured the $65 million refinance of Legacy at Crystal Lake in Port Orange, Florida
JACKSONVILLE, FLORIDA – Ryan Whitaker, senior vice president and managing director of NorthMarq’s Jacksonville-based regional office, arranged the $65 million refinance of Legacy at Crystal Lake, a 510-unit multifamily property located at 1200 Floral Springs Boulevard in Port Orange, Florida.
Financing Details:
- 35-year term
- 35-year amortization schedule
- Permanent-fixed 223(f) loan
- NorthMarq arranged the financing for the borrower through its relationship with FHA/HUD
Producer Quote:
“There were a lot of moving pieces related to this financing and without our excellent in-house HUD lending team at NorthMarq, this execution would not have been possible.”
- Ryan Whitaker
Property Details:
- Community amenities include: Sundeck, pet friendly policy, cabana, grill, picnic area, waterfront, fitness center, pool, playground, basketball/volleyball court, business center, clubhouse, storage space, conference room, package service, property manager on site and corporate suites
- Apartment amenities include: Washer/dryer, air conditioning, heating, cable ready, carpet, tile floors, vinyl flooring, dining room, great views, walk-in closets and window coverings.
- The property is within close proximity to shopping opportunities, award-winning schools, local museums and parks
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
