NorthMarq Capital’s Miami office negotiates $2,900,000 refinance of Miramar Executive Suites in Miramar, Florida
Miramar Executive Suites
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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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.
