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

1090 Northchase Parkway
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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.”

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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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