NorthMarq Capital’s Richmond office arranges permanent financing of $5.36 million for office property in Knoxville, Iowa
RICHMOND (July 27, 2018) – Keith Wells, senior vice president/managing director of NorthMarq’s Richmond regional office, arranged permanent financing of $5.36 million for the GSA GOV building office property located in Iowa. The terms of the financing were a fixed- rate, 10-year term with a 25-year amortization and is pre-payable at par, non-recourse.
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.