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NorthMarq Arranges $4M Industrial Mortgage

ORLANDO-The owner of the 74,214-square-foot Southport Center gets a four-year financing term.

By Carl Cronan | Updated on December 23, 2008

(Carl Cronan is editor of Real Estate Florida.)

ORLANDO-NorthMarq Capital Inc. has arranged first-mortgage financing of nearly $4 million for Southport Center, a 74,214-square-foot industrial building at the Airport International Park of Orlando. The new building is currently in lease-up stage.

Financing is based on a four-year term with a one-year interest-only loan plus a 25-year amortization. Minneapolis-based NorthMarq arranged the mortgage with an Orlando-area financial institution on behalf of the building’s owner, Southport at AIPO LLC.

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