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NorthMarq Capital Arranges $36M Fannie Mae Loan for Apartment Asset East of Tampa

Ariva Apartment Homes in Lakeland, Fla., features a swimming pool, internet café, fitness center with yoga and spin room and a mini movie theater.

Ariva Apartment Homes in Lakeland, Fla., features a swimming pool, internet café, fitness center with yoga and spin room and a mini movie theater.

LAKELAND, FLA. — NorthMarq Capital has arranged a $36 million Fannie Mae loan for Ariva Apartment Homes, a 312-unit multifamily community located at 4100 Clubhouse Road in Lakeland, roughly 35 miles east of Tampa. Robert Hernandez of NorthMarq Capital arranged the 10-year, permanent loan with a 30-year amortization schedule. The borrower was not disclosed. Ariva Apartment Homes features a swimming pool, internet café, fitness center with yoga and spin room and a mini movie theater. At the time of sale, the property was 90 percent occupied.

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