Office - Debt

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

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. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.