Jeff Robertson, Senior Vice President – Managing Director of Northmarq’s Fort Lauderdale debt and equity office, secured $70 million in financing for two non-contiguous multi-family properties located in Miami Lakes. The two apartment buildings boast a combined total of 500 units. Northmarq was able to secure the 10-year permanent loan for the Graham Companies through its correspondent relationship with Empower Annuity Life Insurance Company.
Robertson commented on the success of this transaction: “Both lender and borrower were very patient working through volatile interest rate market conditions and willing to lock rate when others weren’t.” He further added that “both parties worked exceedingly well together.”
The apartment homes are situated in an ideal location – nestled among tree-lined streets, parks, and lakes yet still being close proximity to major arteries – providing residents with comfort as well as convenience. Built respectively in 1997 & 2000 these communities offer an unparalleled living experience within Miami Lakes area.
