NorthMarq Capital arranges refinancing of $36 million for The Veranda in Ponte Vedra Beach, Florida
JACKSONVILLE – Joel Coykendall, senior vice president and managing director of NorthMarq Capital’s Jacksonville regional office, arranged refinancing of $36,000,000 for The Veranda, a 359,374 sq. ft. office property located in Ponte Vedra Beach, Florida. The transaction was structured with a 10-year interest only term. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.
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.
