Industrial - Debt

NorthMarq Capital

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 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.