NorthMarq Capital’s Miami office arranges $14.35 million refinance of Pelican Bays in Davie, Florida
MIAMI (June 29, 2017) Bill Johnson, senior vice president/ managing director of NorthMarq Capital’s Miami regional office, arranged refinancing of $14,350,000 for Pelican Bays, a 196,319 sq. ft. industrial property located in Davie, Florida. The transaction was structured with a 10-year term on a 30-year amortization schedule, with three years interest-only. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.
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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
