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.
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