Industrial

NorthMarq Capital’s Boston office secures $4.53 million acquisition financing for Meridian East Portfolio in Tampa, Florida

BOSTON (January 2, 2018) – Michael Chase, senior vice president of NorthMarq Capital’s Boston regional office, negotiated financing totaling $4,530,000 for three industrial properties located in Tampa, Florida. The properties are located together and combine for a total of 194,223 sq. ft. This transaction was structured with a full-term interest only loan. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.