Larry Pinnock arranges acquisition financing of $12.3 million for retail property located in Coeur D’Alene, Idaho
SALT LAKE CITY, UTAH (May 1, 2019) – Larry Pinnock, vice president of NorthMarq’s Salt Lake City-based regional office, arranged acquisition financing of $12.3 million for Ironwood, a 101,847 sq. ft. retail property located at 208 Ironwood Drive in Coeur D’Alene, Idaho. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a CMBS lender.
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.