March 14, 2016

NorthMarq Capital’s Atlanta office finalizes $5.8 million refinance of BlueWater Storage and Retail Plaza in Jacksonville, Florida

BlueWater Storage and Retail Plaza

Debt & Equity

Multi-Tenant

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.

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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of more than $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.