Northmarq secures $4 million refinance of Live Oaks Center in Casselberry, Florida
MIAMI LAKES, FLORIDA (June 8, 2022) – Northmarq’s Miami Lakes debt/equity team arranged the $4 million refinance of Live Oaks Center. The six-building/100,219 sq. ft. industrial flex property (built in 1975) is located at 102-440 Live Oaks Boulevard in Casselberry, Florida. It is currently 96.3 percent occupied. The transaction was structured with a 7-year term with 3-years of interest only followed by a 25-year amortization schedule. Northmarq negotiated the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
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.
