NorthMarq Capital finalizes $4.62 million refinance of The Broadwater Apartments in Miami, Florida
The Broadwater Apts
MIAMI (October 31, 2014) – Jeff Robertson, senior vice president/managing director of NorthMarq Capital’s Miami office secured the $4.62 million refinance of The Broadwater Apartments, a multifamily property located at 15000 SW 104th Street in Miami, Florida. The 23 building (two stories) class “B” garden style rental apartment complex contains 424 one and two bedroom units along with a clubhouse building. The transaction was structured with a 5-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac.
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.
