Office - Debt

NorthMarq Capital’s Atlanta office arranges acquisition financing of $5.85 million for office building in Marietta, Georgia

ATLANTA (March 1, 2016) – Johnny Rankin, vice president and Wanda Riggs Mack, vice president of NorthMarq Capital’s Atlanta based regional office arranged acquisition financing of $5.85 million for a 106,000 sq. ft. office building located at 1090 Northchase Parkway in Marietta, Georgia. The 65 percent non-recourse bank financing was structured with a local bank.

“A local bank provided the sponsor with a non-recourse loan at a very attractive rate on a 25-year amortization with no prepayment penalty, escrows or reserves required,” explained Rankin. “The lender was very comfortable with activity in the market and the well-below market rents for the asset, resulting in the attractive loan for the borrower.”

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.