Arranged $12 Million Mortgage for Alderman Plaza in Palm Harbor, Florida
MIAMI (April 8, 2013) – Bill Johnson , svp/managing director of NorthMarq’s Miami regional office arranged first mortgage refinancing of $12 million for Alderman Plaza, a 93,487 sq. ft. retail center located at 35110 US Highway 19 North in Palm Harbor, Florida. The center is anchored by LA Fitness. Financing was based on 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a CMBS 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.
