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Fort Family Investments Lands $271M Refi for Jacksonville Portfolio NorthMarq arranged the non-recourse Freddie Mac loans for five properties totaling 1,604 units. Dec152020 Image courtesy of NorthMarq Fort Family Investments has refinanced a five-property multifamily portfolio totaling 1,604 units in Jacksonville, Fla., with a $271 million financing arranged through Freddie Mac by NorthMarq. Jeffrey Lethig, vice president – Debt & Equity, in NorthMarq’s Jacksonville office, arranged the cash-out refinance through NorthMarq’s Optigo status as a Freddie Mac lender. The non-recourse loans were structured with 10-year terms and five years of interest only with 30-year amortization schedules. Fort Family Investments, a family-owned firm that has owned and managed multifamily properties in Jacksonville since 1972, locked in a low interest rate of 2.7 percent for all five properties. ....
SCOTTSDALE, AZ - Multifamily Leadership has announced the official ranking for the 2021 Best Places to Work Multifamily® Program. Winners found out how they ranked at the Multifamily Awards show that was broadcast live for free so every employee of the national top 50 companies had the opportunity to watch and celebrate. Thousands of industry professionals tuned in to cheer each other on and participate in the phenomenal celebration. The Multifamily Industry, serving apartments and their residents, contributes more than $3.4 trillion to the economy annually, supporting more than 17.5 million jobs. Not only do apartment homes drive jobs that strengthen local communities, individuals and families realize the value of renting as a smart choice in today’s economy. ....