NorthMarq Capital’s Miami office completes $5,450,000 refinance of industrial property in Jacksonville, Florida
Lone Pine
MIAMI (October 31, 2016) – Jeff Robertson, senior vice president/managing director of NorthMarq Capital’s Miami-based regional office arranged the $5.45 million refinance of Lone Pine, a 164,248 sq. ft. industrial property located at 5941 and 5985 Richard Street in Jacksonville, Florida. The transaction was structured with 10-year term and 20-year amortization schedule. NorthMarq arranged financing 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.
