July 10, 2013

NorthMarq Capital arranged $8 million mortgage for South Congress Industrial Portfolio in Boca Raton, Florida

South Congress Industrial Portfolio

Debt & Equity

Multi-Tenant

MIAMI LAKES (July 10, 2013) – Fred Welker, vice president of NorthMarq’s Miami Lakes regional office, arranged first mortgage refinancing of $8 million for South Congress Industrial Portfolio in Boca Raton, Florida. The properties are located at 1101, 1121 & 1141 Holland Drive and contain a combined total of 118,800 sq. ft. of industrial space. Financing was based on a 10-year term and a 25-year amortization schedule and was arranged for the borrower, Lewis Rental Properties, Inc., by NorthMarq through its relationship with a local bank.

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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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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