Industrial

NorthMarq Capital’s Tampa office finalizes $23.365 million joint venture equity financing for Key Safety in Lakeland, Florida

TAMPA (January 17, 2018) – Bob Hernandez, senior vice president/managing director of NorthMarq Capital’s Tampa regional office, negotiated $23,365,000 JV equity financing for Key Safety, a 1,400,000 sq. ft. industrial distribution park located in Lakeland, Florida.

“The transaction is a joint venture to develop an industrial park along the I-4 corridor,” said Hernandez. “The institutional investor and sponsor worked diligently on several structures to finalize the transaction.”

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 northmarqcap.wpengine.com.