Office - Debt

NorthMarq Capital

NorthMarq Capital’s Tampa office arranges $11.72 million bridge loan for refinance of Edgewater Corporate Center in Tallahassee, Florida

TAMPA (November 20, 2018) – Lauren Hanley, vice president and Bob Hernandez, senior vice president/managing director of NorthMarq Capital’s Tampa regional office, secured the $11.72 million floating rate bridge loan for Edgewater Corporate Center, located in Tallahassee, Florida. The property is a multi-tenanted office park containing approximately 125,000 rentable sq. ft. The non-recourse loan was structured with a 2-year interest-only term with extensions up to five years.

“The lender for this transaction provided a deal structure which fit the borrower’s business plan, allowing for funding of remaining tenant improvements and leasing commissions to bring the office park to full occupancy,” explained Hanley.  

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.