Tallahassee, Fla. — NorthMarq Capital has arranged the $10.1 million refinance of Villa Cristina, a 226-bed student housing community located near Florida State University in Tallahassee.
The transaction was structured with a 10-year term with two-years interest only, followed by a 30-year amortization schedule. Lee Weaver of NorthMarq arranged the financing on behalf of the undisclosed borrower through Freddie Mac. The property offers a mix of one-, two- and three-bedroom units with washers and dryers. Community amenities include a resort-style pool and a computer lab