FORT LAUDERDALE, FL-Multifamily financing deals are getting done across the South Florida--and experts say more capital source are available for investors. Although Freddie Mac and Fannie Mae still offer advantages, there are other attractive options on the market.

One of the latest examples is Wilton Tower Apartments in Wilton Manors. The buyer closed on an $8.5 million first mortgage. Mark Grace, vice president of NorthMarq Capital’s Los Angeles regional office arranged the financing for the 150-unit multifamily property.

Financing was based on a five-year fixed term with two years of interest only and a 30-year amortization schedule, open for prepayment in years four and five of the loan term, 4.65% rate. A cash out refinance and was arranged by NorthMarq through its affiliate AmeriSphere Multifamily Finance, a Fannie Mae lender.