NorthMarq Capital negotiates $5.5 million refinance of Doral Centre in Miami, Florida
Doral Centre
MIAMI (July 10, 2015) – Bob Harrington, vice president of NorthMarq Capital’s Miami based regional office arranged the $5.5 million refinance of Doral Centre, a 35,033 sq.ft. retail property located at 9655 NW 41st Street in Miami, Florida. The transaction was structured with a fully amortizing 25-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “This is a very well performing asset in a desirable location,” said Harrington. “The borrower was able to lock in long-term, fixed rate financing below four percent.”
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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.
