Retail (MT)
Debt & Equity

NorthMarq Capital negotiates $5.5 million refinance of Doral Centre in Miami, Florida

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.”

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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Doral Centre
Debt
$5,500,000