Industrial
Debt & Equity

NorthMarq Capital arranges acquisition financing of $5.7 million for Carl’s Patio Warehouse Building in Palm Beach, Florida

MIAMI (April 1, 2015) – Jeff Robertson, senior vice president/managing director of NorthMarq Capital’s Miami office arranged acquisition financing of $5.7 million for Carl’s Patio Warehouse building, a two-tenant 86,400 sq.ft. distribution warehouse building located at 501 103rd Avenue North Royal in Palm Beach, Florida. The transaction was structured with a 3-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. Carl’s Patio and Red Bull represent the property’s major tenants.

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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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Carl’s Patio Warehouse
Debt
$5,700,000