NorthMarq Negotiates $73 Million Refinancing For Graham Portfolio

Dec 19, 2013 No Comments by

Jeff Robertson, senior vice president/managing director of NorthMarq’s Miami regional office, arranged refinancing of $73 million for the Graham Portfolio.

The portfolio, consisting of 17 industrial buildings and four apartment complexes located in Miami Lakes, contains 421,500 sq.ft. of industrial space and 1,434 apartment units.

NorthMarq arranged financing for the borrower, The Graham Companies, through its relationship with The Lincoln National Life Insurance Company, who won the quote amongst a pool a potential major institutional lenders with the most competitive rate.

“The security consisted of multi-family as well as industrial buildings and had a low loan to value ratio,” said Robertson. “There was a “forward” pricing element in this deal and that was included in the “all-in” rate with Lincoln. Given the older nature and complexity of the portfolio loan, the closing has gone remarkably smoothly.”

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Industrial / Flex, Industry News, Miami-Dade County Industrial / Flex, Miami-Dade County Multifamily, Multifamily, NA
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