NorthMarq’s Miami office finalizes $5.1 million bridge loan for Bay Harbour Island Apartments in Bay Harbour Islands, Florida
MIAMI, FLORIDA (March 20, 2019) – Jordan Hopkins, vice president of NorthMarq’s Miami-based regional office arranged the $5.1 million bridge loan for Bay Harbour Island Apartments, two multifamily properties located in Bay Harbour Islands, Florida consisting of a combined 32 units. The transaction was structured with an 18-month interest-only term. NorthMarq arranged financing for the borrower through its relationship with a bridge lender.
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.
