NorthMarq Capital finalizes $9.5 million refinance of 177,926 sq.ft. industrial property in Sunrise, Florida
MIAMI (August 24, 2015) – Bill Johnson, senior vice president/managing director of NorthMarq Capital’s Miami based regional office arranged the $9.5 million refinance of The Edelman Building. The property is part of a complex of five one-story office/warehouse buildings located at NW 53rd Street and 102nd Avenue in Sunrise, Florida. The transaction was structured with a 10-year term with 1-year interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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.
