ORLANDO—NorthView Student Housing has won the confidence ofinvestors. NorthMarq Capital arranged a $58million loan for the student housingcomplex, which is located on the campus of theUniversity of Central Florida (UCF).
Lee Weaver, senior vice president and seniordirector and Bill Hardman, vice president ofNorthMarq, arranged the loan, through a tax exempt privateplacement bond structure. Financing is based on a 15-year term and30-year amortization schedule.
“With so many factors to take into consideration, finding theproper lending source required a remarkable amount of time andresources,” says Weaver. “Many traditional lending sources simplyweren't able to accommodate the complexities of the deal.”
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