NorthMarq Capital’s Miami office secures $5.2 million refinance of Cap East Building I in Miami Lakes, Florida
Cap East Building I
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.
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.
