NEW PORT RICHEY, Fla. — NorthMarq Capital has arranged an $11 million refinancing for Villas at Hunter’s Ridge, a 221-unit age-restricted community in the Tampa suburb of New Port Richey.
The community is restricted to residents over the age of 55. It is surrounded by restaurants, grocery stores and retail shops, and is approximately six miles from the Gulf of Mexico
The Fannie Mae loan features a 10-year term and 30-year amortization schedule. Lee Weaver of NorthMarq’s Tampa office secured the financing.