Jeff Robertson, Senior Vice President and Managing Director of Northmarq’s Fort Lauderdale debt and equity office, recently secured $70 million in financing for two non-contiguous multifamily properties located in Miami Lakes. The combined total of 500 units between the two apartment buildings were financed through a 10-year permanent loan from Empower Annuity Life Insurance Company via Northmarq’s correspondent relationship.
Robertson noted that both lender and borrower worked diligently to navigate the volatile interest rate market, ultimately locking rate when others were not able to do so. He further commented on how well both parties worked together throughout the process: “Both parties and their respective teams worked exceedingly well together.”
The 1997 & 2000 built apartment homes are situated in an ideal location – nestled among tree-lined streets, parks & lakes yet still being close proximity to major arteries – offering residents comfort & convenience within a small town environment.
