NorthMarq Capital negotiates $5.5 million refinance of Doral Centre in Miami, Florida
Doral Centre
MIAMI (July 10, 2015) – Bob Harrington, vice president of NorthMarq Capital’s Miami based regional office arranged the $5.5 million refinance of Doral Centre, a 35,033 sq.ft. retail property located at 9655 NW 41st Street in Miami, Florida. The transaction was structured with a fully amortizing 25-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “This is a very well performing asset in a desirable location,” said Harrington. “The borrower was able to lock in long-term, fixed rate financing below four percent.”
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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.
