NorthMarq’s Robert Hernandez arranges $5.266 million refinance for Shoppes of Fishhawk in Lithia, Florida

Shoppes of Fishhawk

Debt & Equity

Multi-Tenant

TAMPA, FLORIDA (October 4, 2021) – Robert Hernandez, senior vice president/managing director of NorthMarq’s Tampa regional office, negotiated the $5.266 million refinance for a 73,695 square foot Winn-Dixie anchored neighborhood retail center in Lithia, Florida.

The permanent, fixed rate loan was structured on a 10-year term with a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company lender.

At the time of closing, the subject was 100 percent occupied with 16 local, regional and national tenants. Built in 2000, Shoppes of Fishhawk is a single story retail center spread across a 9-acre site. The subject is located in the thriving FishHawk area, which is a suburb of Lithia in Hillsborough County, 20 miles southeast of downtown Tampa. The property benefits from a growing population, good demographics and excellent accessibility to all surrounding areas via I-75, I-4 and U.S. 301.

“This refinance places both phases of the shopping center under one loan and the life company execution will make servicing the loan much more efficient,” said Hernandez.

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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.