NorthMarq Capital secures $5.25 million refinance of Wickham Commons Office Park in Viera, Florida
TAMPA (December 12, 2016) – Robert Hernandez, senior vice president/managing director of NorthMarq Capital’s Tampa-based regional office, completed the $5.25 million refinance of Wickham Commons Office Park, a 6-building, 79,085 sq. ft. office park located at Murrell Road, Cabot Court and Devereaux Drive in Viera, Florida. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Health First, Community Credit Union and The Viera Company represent the property’s major tenants. “Our correspondent life company was eager to accommodate this borrower’s request for a low-leverage loan within Viera, the fastest growing community in Brevard County,” said Hernandez.
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.
