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Topaz Capital Group Acquires Florida Asset

Northmarq represented the seller of the community, which features a boardwalk through protected wetlands.

Borrowers, Lenders Reach an Inflection Point in the Wake of Rising Inflation and Interest Rates

Borrowers, Lenders Reach an Inflection Point in the Wake of Rising Inflation and Interest Rates
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Asia Capital Real Estate Lands $43M Loan for Tampa Acquisition

Asia Capital Real Estate Lands $43M Loan for Tampa Acquisition With help from JLL Capital Markets, the company purchased a suburban garden-style property in Hillsborough County. Jun042021 Image courtesy of NorthMarq Asia Capital Real Estate has acquired Lola Apartments, a 264-unit Class A community in Riverview, Fla., in Hillsborough County. The seller, a joint venture between Lindell Investments and Investors Realty, was represented in the transaction by NorthMarq Tampa’s Investment Sales team. Working on behalf of the buyer, JLL Capital Markets secured a $42.8 million acquisition loan through lender CIT Group. Lola Apartments is located at 9960 Jonas Salk Drive, in the southeast suburban area of Tampa, Fla. The pet-friendly property features one-, two- and three-bedroom units in proportions of 45 percent, 49 percent and 6 percent, respectively, with an average unit size of 968 square feet. Finishes include stainless steel appliances, island ki

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