NorthMarq Brokers Arrange $31.4M Permanent-Fixed Rate Loan For Tallahassee Multifamily

The multifamily property located at 3501 South Blair Stone Road in Tallahassee was involved in a recent closed transaction. The property consists of 244 units and was the subject of a loan transaction.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $31,400,000
• Loan Terms: Permanent-fixed Rate Loan
• Address: 3501 South Blair Stone Road
• Market: Tallahassee
• Brokers: Lee Weaver & Melissa Marcolini Quinn - NorthMarq

The loan, amounting to $31,400,000, was secured for the multifamily property. The loan terms are a permanent-fixed rate loan, providing stability for the property's financing. The transaction was facilitated by brokers Lee Weaver & Melissa Marcolini Quinn of NorthMarq, who represented the parties involved in the deal.