NorthMarq’s Tampa office negotiates acquisition financing of $4,875,000

Benjamin Center VII & IX

Debt & Equity

Multi-Tenant

TAMPA, FLORIDA (July 10, 2019) – Robert Hernandez, managing director and Lauren Hanley, vice president of NorthMarq’s Tampa-based regional office arranged the $4,875,000 acquisition financing of Benjamin Center VII & IX. The 69,185 sq. ft. office/flex property is located at 5706 & 5910 Benjamin Center Drive in Tampa, Florida. The permanent, fixed rate loan was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company lender.

“We fixed the interest rate at application and closed in less than 30 days. We worked diligently with the purchaser, our client, and correspondent life company to close the non-recourse loan in a short time frame,” said Hernandez.

View Available Office Listings

About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.