NorthMarq Capital’s Miami office secures $5.2 million refinance of Cap East Building I in Miami Lakes, Florida
MIAMI (November 4, 2013) – Jeff Robertson, senior vice president/managing director of NorthMarq Capital’s Miami office finalized the $5.2 million refinance of Cap East Building I, a one-story 122,242 sq. ft. multi-tenant distribution warehouse located at 5800 NW 163rd Street in Miami Lakes, Florida. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Aircraft Electric Motors, Inc. represents the property’s major tenant.
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 $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.
