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.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.