Northmarq’s Fort Lauderdale debt & equity office secures $70 million in financing for apartments in Miami Lakes, Florida
FORT LAUDERDALE, Fla. (July 19, 2023) — Senior Vice President – Managing Director Jeff Robertson of Northmarq’s Fort Lauderdale debt and equity office, secured $70 million in financing for two non-contiguous multifamily properties in Miami Lakes. There are a combined total of 500 units between the two apartment buildings. Northmarq secured the 10-year permanent loan for the Graham Companies through its correspondent relationship with Empower Annuity Life Insurance Company.
“Both the lender and borrower were very patient working through the volatile interest rate market and willing to lock rate when others were not,” said Robertson. “Both parties and their respective teams worked exceedingly well together.”
Built in 1997 and 2000, these apartment homes are located in the heart of Miami Lakes. Residents enjoy the comfort and convenience afforded by these two communities – a small town environment nestled among tree lined streets, parks, and lakes yet still being in a central location within close proximity to major arteries.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
