NorthMarq Capital’s Miami office negotiates $2,900,000 refinance of Miramar Executive Suites in Miramar, Florida
MIAMI (September 7, 2016) – Bob Harrington, vice president of NorthMarq Capital’s Miami-based regional office, arranged the $2.9 million refinance of Miramar Executive Suites, a 26,743 sq. ft. office property located at 11820 Miramar Parkway in Miramar, Florida. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local bank. “This was a well-located property within an active business park,” said Harrington. “The lender was able to provide non-recourse financing with prepayment flexibility at a competitive interest rate.”
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