NorthMarq’s Richmond office finalizes acquisition financing of $10.35 million for industrial property in Taylor, Michigan
RICHMOND, VIRGINIA (July 26, 2021) – Reina Abboud, vice president of NorthMarq’s Richmond office arranged acquisition financing of $10.35 million for 21100 – 21150 Trolley. The 243,894 sq. ft. industrial property is located in Taylor, Michigan. The bridge loan was structured with a 4-year term with 3 years Interest Only. NorthMarq arranged financing for the borrower through its relationship with a bridge/mezzanine lender.
“This deal was done with an existing capital provider relationship which made it a seamless execution for both parties.” said Abboud.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
