NORTHMARQ ARRANGES $58M LOAN FOR NORTHVIEW STUDENT HOUSING

OVIEDO, FLA. — NorthMarq Capital has arranged $58 million in financing for NorthView Student Housing, a seven-story, 340,271-square-foot student housing community in Oviedo. The 600-bed, 180-unit property is located on the University of Central Florida (UCF) campus. The UCF Housing System operates the property and incorporates it into its inventory. In addition to the housing units, the development also consists of 40,000 square feet of space occupied by the Hillel Foundation for Jewish Campus Life and the Newman Catholic Student Center. Amenities of the property include a video game room, 24-hour fitness center, resort-style pool, lap swimming area with a Swedish sauna, sky deck with a tiki hut, outdoor sand volleyball court, life-sized chess board, computer lab, café and convenience store. Lee Weaver and Bill Hardman of NorthMarq Capital arranged the 15-year loan with a 30-year amortization schedule through a tax-exempt private placement bond structure.