NorthMarq Capital’s Atlanta office finalizes $5.8 million refinance of BlueWater Storage and Retail Plaza in Jacksonville, Florida
BlueWater Storage and Retail Plaza
ATLANTA (March 14, 2016) – Johnny Rankin, vice president of NorthMarq Capital’s Atlanta based regional office negotiated the $5.8 million refinance of BlueWater Storage and Retail Plaza, a 125,000 sq. ft. self-storage/retail property located at 9119 Merrill Road in Jacksonville, Florida. The transaction was structured with a 5-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local bank. “A local bank provided a quick and efficient refinance with a low fixed-rate loan on this 772 unit storage facility with 45,000 sq. ft. of retail space in Jacksonville,” said Rankin.
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.