Delray Beach Based Mortgage Bankers Arrange $12,300,000 in Financing for a Flex Office/Industrial Center in Miami, FL

5/15/18

Nancy Dockerty and Bob Dockerty of Dockerty Romer & Co., a RECA member, have arranged mortgage financing in the amount of $12,300,000 for a flex office/industrial center located in Miami Gardens, FL.

The subject property, known as Park Centre, built in 1987 with 131,463 SF located along the Palmetto Expressway is 90% leased with a mix of national and local tenants such as California Closets, Peter Glenn, Subway, Miami Regional Dialysis and Chen Medical.

Dockerty Romer & Co. worked on behalf of their client Concorde Group Holdings LLC to arrange the financing. Narrative Capital provided short term bridge financing which will allow the owner to fully lease up the center. Dockerty commented, “The lender was able to close the loan within 25 days which was important to the borrower”.

About Dockerty Romer & Co.

Dockerty Romer & Co., a RECA member, based in Delray Beach, Florida is a full service commercial mortgage banking firm specializing in the capitalization of income producing properties. Dockerty Romer & Co. has closed nearly $5 Billion of real estate transactions since its inception in January 2000. (www.dockertyromer.com)

About Concorde Group Holdings, LLC

Concorde Group Holdings, LLC is a commercial real estate (CRE) developer focused on revitalizing commercial properties to further the pursuits of our communities, tenants and their customers. Concorde owns and operates over 600,000 SF of commercial real estate across the Southeastern US and Puerto Rico and led by principals with several decades of executive operating experience in both technology company building as well as major metro national credit restaurant operations.

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