Industrial - Debt

NorthMarq Capital

NorthMarq Capital negotiates $11.5 million refinance of Miami Air Cargo East in Hialeah, Florida

MIAMI (December 19, 2014) – Jeff Robertson, senior vice president/managing director of NorthMarq Capital’s Miami office arranged the $11.5 million refinance of Miami Air Cargo East, a property consisting of two multi-tenant warehouse/distribution facilities containing a combined 506,300 sq.ft. The property is located at 725 SE 9th Court in Hialeah, Florida. The transaction was structured with a 5-year term with 1-year interest only followed by a 25-year amortization schedule and was arranged by NorthMarq for the borrower through its correspondent relationship with a life insurance company. Permasteelisa North America Corporation represents the property’s major tenant.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.