Northmarq secures $4 million refinance of Live Oaks Center in Casselberry, Florida
Live Oaks Center
MIAMI LAKES, FLORIDA (June 8, 2022) – Northmarq’s Miami Lakes debt/equity team arranged the $4 million refinance of Live Oaks Center. The six-building/100,219 sq. ft. industrial flex property (built in 1975) is located at 102-440 Live Oaks Boulevard in Casselberry, Florida. It is currently 96.3 percent occupied. The transaction was structured with a 7-year term with 3-years of interest only followed by a 25-year amortization schedule. Northmarq negotiated the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
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.
