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Florida & Gulf Coast  + Finance  |  August 23, 2019
David Cohen
By: David Cohen

NorthMarq Secures $65M Refinancing for Daytona Beach MF Community

NorthMarq has secured the $65 million refinance of Legacy at Crystal Lake, a 510-unit multifamily community in Port Orange.

Located at 1200 Floral Spring Blvd., the community is approximately five miles south of Daytona Beach. Features of the community include a pet-friendly policy, cabanas, grills, picnic area, waterfront views, fitness center, pool, playground, basketball court, business center, clubhouse and storage space. The community is nearby schools, shopping, museums and parks.

Ryan Whitaker of NorthMarq’s Jacksonville office secured the fixed-rate financing for the undisclosed borrower through FHA/HUD. Terms included a 35-year term with a 35-year amortization schedule.

For comments, questions or concerns, please contact David Cohen

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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.
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