Northmarq’s Debt + Equity team arranges $3.8M refinancing for Florida industrial property
Medley Industrial
Northmarq’s Fort Lauderdale Debt + Equity team led by Jeff Robertson secured the $3.8 million refinancing of an industrial property located in Medley, Florida, totaling 66,547 square feet.
Northmarq arranged the financing on behalf of the borrower through its correspondent relationship with a life company lender. The transaction was structured on a 10-year term with full-term, interest-only payments.
“The borrower and lender have a strong relationship,” Robertson said. “That relationship spans over 10 years and we are pleased and grateful to help facilitate an additional transaction for them. This is another example of a great relationship built over trust, time and certainty of execution.”
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.
