NorthMarq completes acquisition financing of $12.5 million for Lumber Liquidators office building in Richmond, Virginia
RICHMOND, VIRGINIA (March 31, 2021) – Keith Wells, senior vice president/managing director of NorthMarq’s Richmond regional office arranged acquisition financing of $12,500,000 for a 52,876 sq. ft. office building occupied by Lumber Liquidators. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower, Waverton Associates Inc., through its relationship with Towne Bank, a regional bank.
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.