Florida & Gulf Coast + North Florida + Finance | March 30, 2021

NorthMarq Arranges $31M Acquisition Loan for Tallahassee MF Property

NorthMarq has arranged a $31.4 million acquisition loan for Lullwater at Blair Stone, a 244-unit multifamily property in Tallahassee.

Located at 3501 South Blair Stone Road, the property was built in 2020 and is nearby a number of shopping, dining and entertainment options. Amenities include a fitness center, clubhouse with resident lounge, resort-style pool, dog park and car care center.

Lee Weaver and Melissa Marcolini Quinn of NorthMarq arranged the permanent-fixed rate loan for borrower Carter Exchange through a multinational bank.

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Inside The Story

NorthMarq’s Weaver

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.