Arranged $2.5 Million Mortgage for Industrial Building in Sunrise, Florida
MIAMI (March 11, 2013) – Bill Johnson , senior vice president/managing director of NorthMarq’s Miami regional office arranged first mortgage refinancing of $2.5 million for 53 South Commerce Center, a 48,879 sq. ft. industrial building located at 10700-10798 NW 53rd Street in Sunrise, Florida. Financing was based on 10-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company lender.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
