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.  

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.