Office - Debt

NorthMarq Capital

NorthMarq Capital’s Atlanta office arranges acquisition/financing of the $25 million purchase of a General Electric Company occupied office building

ATLANTA (February 6, 2018) – Will James, vice president of NorthMarq Capital’s Atlanta regional office arranged the acquisition and financing of the $25 million purchase of a 191,500 sq. ft. class A office building located at 1990 NASA Boulevard in Melbourne, Florida that is occupied by General Electric Company. NorthMarq arranged financing through a CMBS platform for the borrower, Dallas, Texas based Reserve Cap Partners.

Greg Seitz, a partner with RCP further explained that “Two of General Electric Company’s divisions occupy the building which serve as ‘mission critical’ operations for the tenant, GE.” In addition, “NorthMarq Capital represented RCP as its buyer agent on behalf of the seller, as well as arranged 65 percent LTC, 10-years interest only financing,” explained James.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.