NorthMarq Capital secures $5.25 million refinance of Wickham Commons Office Park in Viera, Florida

Wickham Commons Office Park

Debt & Equity

Multi-Tenant

TAMPA (December 12, 2016) – Robert Hernandez, senior vice president/managing director of NorthMarq Capital’s Tampa-based regional office, completed the $5.25 million refinance of Wickham Commons Office Park, a 6-building, 79,085 sq. ft. office park located at Murrell Road, Cabot Court and Devereaux Drive in Viera, Florida. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Health First, Community Credit Union and The Viera Company represent the property’s major tenants. “Our correspondent life company was eager to accommodate this borrower’s request for a low-leverage loan within Viera, the fastest growing community in Brevard County,” said Hernandez.

View Available Office Listings

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.