October 31, 2014

NorthMarq Capital finalizes $4.62 million refinance of The Broadwater Apartments in Miami, Florida

The Broadwater Apts

Debt & Equity

Multi-Tenant

MIAMI (October 31, 2014) – Jeff Robertson, senior vice president/managing director of NorthMarq Capital’s Miami office secured the $4.62 million refinance of The Broadwater Apartments, a multifamily property located at 15000 SW 104th Street in Miami, Florida. The 23 building (two stories) class “B” garden style rental apartment complex contains 424 one and two bedroom units along with a clubhouse building. The transaction was structured with a 5-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac.

Available Multifamily properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.