Office
Debt & Equity

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. 

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.

02487b45-09ea-4a86-9cd4-a0b8f7aed018.jpg
Benjamin Center VII & IX
Permanent Loan - Fixed
$4,875,000