Northmarq’s Tampa office completes $4.5 million refinance for Keystone Crossing Shopping Center in Odessa, Florida
Keystone Crossing Shopping Center
TAMPA, FLORIDA (September 15, 2022) – Tommy Ware, vice president of Northmarq’s Tampa debt/equity team, arranged the $4.5 million refinance for Keystone Crossing Shopping Center. The 47,817 sq. ft. grocery anchored retail property (built in 2001) is located on a 6-acre plot at 17621 Gunn Highway, Odessa, Florida.
The permanent-fixed loan was structured on a 10-year term followed by a 25-year amortization schedule. Northmarq secured the financing through a life company lender.
“This was a fantastic refinance execution by both our client and the life company lender. We also leveraged Northmarq’s extensive platform by utilizing our in-house defeasance team to process payoff of the prior loan,” said Ware.
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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.
