NorthMarq Capital arranges $73 million refinancing for the Graham Portfolio
Graham Portfolio
MIAMI (December 16, 2013) – Jeff Robertson, senior vice president/managing director of NorthMarq’s Miami regional office, arranged refinancing of $73 million for the Graham Portfolio. The portfolio, consisting of 17 industrial buildings and four apartment complexes, contains 421,500 sq.ft. of industrial space and 1,434 apartment units. NorthMarq arranged financing for the borrower, The Graham Companies, through its relationship with The Lincoln National Life Insurance Company, who won the quote amongst a pool a potential major institutional lenders with the most competitive rate. “The security consisted of multi-family as well as industrial buildings and had a low loan to value ratio,” said Robertson. “There was a “forward” pricing element in this deal and that was included in the “all-in” rate with Lincoln. Given the older nature and complexity of the portfolio loan, the closing has gone remarkably smoothly.”
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.
