NorthMarq Provides $65M Loan for Refinancing of Apartment Complex in Central Florida
PORT ORANGE, FLA. — NorthMarq has provided a $65 million refinancing HUD loan for Legacy at Crystal Lake, a 510-unit apartment complex in Port Orange. The 35-year, fixed-rate loan comes with a 35-year amortization schedule. Legacy at Crystal Lake is located at 1200 Floral Springs Blvd., six miles south of Daytona Beach. The property offers communal amenities such as a sundeck, swimming pool, cabanas, fitness center, playground, clubhouse and basketball and volleyball courts.