NorthMarq Capital finalizes $9.5 million refinance of 177,926 sq.ft. industrial property in Sunrise, Florida
The Edelman Building
MIAMI (August 24, 2015) – Bill Johnson, senior vice president/managing director of NorthMarq Capital’s Miami based regional office arranged the $9.5 million refinance of The Edelman Building. The property is part of a complex of five one-story office/warehouse buildings located at NW 53rd Street and 102nd Avenue in Sunrise, Florida. The transaction was structured with a 10-year term with 1-year interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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.
