NorthMarq Capital arranges $12.452 million refinance of Corporate Park at Kendall in Miami, Florida
Corporate Park at Kendall
MIAMI (April 1, 2014) – Jeff Robertson, senior vice president/managing director of NorthMarq Capital’s Miami office secured the $12.452 million refinance of Corporate Park at Kendall, three noncontiguous one-story multi-tenant warehouse buildings containing a combined total of 201,686 net rentable area. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life insurance company. The Miami Herald Media Company, Array Connector Corporation and Drew Estate represent the property’s major tenants.
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.
