NorthMarq Capital arranged $2 million mortgage for Forward Air Building in Orlando, Florida
Forward Air Building
MIAMI LAKES (April 22, 2013) – Fred Welker, vice president of NorthMarq’s Miami Lakes regional office, arranged acquisition financing of $2 million for Forward Air Building, a 46,800 sq. ft. industrial building located at 1851 Cypress Lake Drive in Orlando, Florida. Financing was based on a 7-year term and a 25-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a national bank.
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.
