NorthMarq Arranges $26.1 Million Refinancing for 300-Bed Community Near the University of Florida

by Katie Sloan

Gainesville, Fla. — NorthMarq has arranged a $26.1 million refinancing for College Park at Midtown, a 300-bed student housing community serving the University of Florida in Gainesville. Lamar Sarra of NorthMarq’s Jacksonville office secured the financing — which features a 10-year term with a 30-year amortization schedule — on behalf of the undisclosed borrower through Fannie Mae. College Park at Midtown offers one-, two- and four-bedroom, fully furnished units with bed-to-bath parity.

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