October 12, 2015

NorthMarq Capital’s Miami office arranges $5.8 million refinance of Carl’s Patio Warehouse in Palm Beach, Florida

Carl’s Patio Warehouse

Debt & Equity

Multi-Tenant

MIAMI (October 12, 2015) – Jeff Robertson, senior vice president/managing director of NorthMarq Capital’s Miami office arranged the $5.8 million refinance of Carl’s Patio Warehouse, a 86,400 sq.ft. industrial property located at 501 103rd Avenue North in Royal Palm Beach, Florida. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Red Bull and Carl’s Patio Warehouse represent the property’s major tenants.

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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