NORTHMARQ SECURES $18.45M MULTIFAMILY FINANCING

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YULEE, FLA. — NorthMarq Capital has arranged $18.45 million in permanent loan refinancing for the 240-unit Courtney Isle Apartments, located at 86015 Courtney Isles Way in Yulee. Joel Coykendall of NorthMarq's Jacksonville, Fla., office arranged the 5-year loan through Sentinel Asset Management as interest only for 36-months with a 30-year amortization schedule to follow.

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