November 29, 2017

NorthMarq Capital’s Boston office arranges acquisition financing of $8.125 million for industrial property in Irving, Texas

Industrial Property

Debt & Equity

Multi-Tenant

BOSTON (November 27, 2017) – Michael Chase, senior vice president of NorthMarq Capital’s Boston regional office arranged acquisition financing of $8.125 million for a 261,325 sq. ft. industrial property located along Story Road in Irving, Texas. The transaction included interest-only for the full term of the loan along with a flexible prepayment structure. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

Available Industrial properties

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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.