NorthMarq’s Richmond office finalizes acquisition financing of $10.35 million for industrial property in Taylor, Michigan
21100 – 21150 Trolley
RICHMOND, VIRGINIA (July 26, 2021) – Reina Abboud, vice president of NorthMarq’s Richmond office arranged acquisition financing of $10.35 million for 21100 – 21150 Trolley. The 243,894 sq. ft. industrial property is located in Taylor, Michigan. The bridge loan was structured with a 4-year term with 3 years Interest Only. NorthMarq arranged financing for the borrower through its relationship with a bridge/mezzanine lender.
“This deal was done with an existing capital provider relationship which made it a seamless execution for both parties.” said Abboud.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
