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Marquis Affordable Housing Grant Converted to Loan

City of Pompano Beach logoCity of Pompano Beach
Disclosed value
$407,750
From minutes
Document date
Apr 28, 2020

The 30-second brief

What it covers

The City amended its agreements with Marquis Partners, Ltd. for a 100-unit affordable housing project, converting a $407,750 grant into a nonrecourse loan secured by a mortgage and authorizing subordination agreements to senior lenders.

Who holds it

Marquis Partners Ltd holds this financial services contract with City of Pompano Beach. Its other public contracts on record include work for Broward County.

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Contract details

Contract type
Financial Services
Amount
$407,750
Document date
April 28, 2020
Vendor
Marquis Partners Ltd
Agency
City of Pompano Beach
Source document
city_commission_detailed_minutes_april_28_2020.pdf (Minutes)

Marquis Partners Ltd's other public contracts

City of Pompano Beach, FloridaCity Joins Restrictive Covenants for Marquis Apartments · Apr 28, 2020UndisclosedCity of Pompano Beach, FloridaCity Converts Marquis Grant to Nonrecourse Loan · Apr 28, 2020$407.8KCity of Pompano Beach, FloridaCity Joins Covenants for Marquis Apartments Project · Apr 28, 2020UndisclosedBroward County, FloridaMarquis Partners Enters Loan, Land Use Agreements for Apartments · Mar 10, 2020UndisclosedBroward County, Florida$5M Gap Financing for Marquis Affordable Housing · Feb 25, 2020$5MAll Marquis Partners Ltd contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Pompano Beach?

Marquis Partners Ltd was awarded this financial services contract by City of Pompano Beach, as recorded on April 28, 2020. The contract value is $407,750.

How much is the Marquis Partners Ltd contract with City of Pompano Beach worth?

The Marquis Partners Ltd contract with City of Pompano Beach is valued at $407,750, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city_commission_detailed_minutes_april_28_2020.pdf (Minutes), dated April 28, 2020 from City of Pompano Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Marquis Partners Ltd hold?

Marquis Partners Ltd may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Pompano Beach currently buying?

Explore City of Pompano Beach's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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