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