NorthMarq Capital arranged $2 million mortgage for Forward Air Building in Orlando, Florida
Forward Air Building
MIAMI LAKES (April 22, 2013) – Fred Welker, vice president of NorthMarq’s Miami Lakes regional office, arranged acquisition financing of $2 million for Forward Air Building, a 46,800 sq. ft. industrial building located at 1851 Cypress Lake Drive in Orlando, Florida. Financing was based on a 7-year term and a 25-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a national bank.
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.
