NorthMarq Capital negotiates $11.5 million refinance of Miami Air Cargo East in Hialeah, Florida
Miami Air Cargo East
MIAMI (December 19, 2014) – Jeff Robertson, senior vice president/managing director of NorthMarq Capital’s Miami office arranged the $11.5 million refinance of Miami Air Cargo East, a property consisting of two multi-tenant warehouse/distribution facilities containing a combined 506,300 sq.ft. The property is located at 725 SE 9th Court in Hialeah, Florida. The transaction was structured with a 5-year term with 1-year interest only followed by a 25-year amortization schedule and was arranged by NorthMarq for the borrower through its correspondent relationship with a life insurance company. Permasteelisa North America Corporation represents the property’s major tenant.
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.
