Northmarq’s Debt + Equity team secures $8.2M refinance for Florida industrial building
Northmarq’s Miami Debt + Equity team led by Bob Harrington successfully secured the $8.2 million refinancing for an industrial property located in Riviera Beach, Florida. Built in 2001, the multi-tenant 75,240 sq. ft. industrial property offers unparalleled visibility and connectivity for distribution, logistics or light industrial operations. With proximity to Palm Beach International Airport and the Port of Palm Beach, the property is well positioned for strong last-mile and port-driven logistics.
Northmarq arranged permanent-fixed rate financing on behalf of a repeat borrower through the firm’s relationship with a correspondent life insurance company. The transaction was structured on an initial five-year term, with a five-year option period.
Meet our team
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 $80 billion and has completed $91.3 billion in transactions over the past four years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
