Industrial

NorthMarq Capital arranged $6.37 million mortgage for Falcon Farms in Doral, Florida

MIAMI LAKES (January 14, 2013) – Jeff Robertson, senior vice president and managing director of NorthMarq’s Miami regional office, arranged acquisition financing of $6.37 million for the Falcon Farms, a 102,180 sq. ft. industrial property located in Doral, Florida. Financing was based on a 7-year term and a 25-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a correspondent life company. “The lender recognized the excellent location of the building and the long term viability of the tenant. They have once again performed under a strict acquisition time frame,” said Robertson.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.