NorthMarq Capital arranged $8 million mortgage for South Congress Industrial Portfolio in Boca Raton, Florida
South Congress Industrial Portfolio
MIAMI LAKES (July 10, 2013) – Fred Welker, vice president of NorthMarq’s Miami Lakes regional office, arranged first mortgage refinancing of $8 million for South Congress Industrial Portfolio in Boca Raton, Florida. The properties are located at 1101, 1121 & 1141 Holland Drive and contain a combined total of 118,800 sq. ft. of industrial space. Financing was based on a 10-year term and a 25-year amortization schedule and was arranged for the borrower, Lewis Rental Properties, Inc., by NorthMarq through its relationship with a local bank.
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.
