Northmarq secures $1.56 million refinance of 40,960-sq.-ft. industrial property in Milwaukee, WI
5501 West Mill Road
MINNEAPOLIS (April 8, 2024) — Managing Director Andy Finn of Northmarq’s Minneapolis Debt + Equity team has successfully arranged the external refinance of a 40,960-sq.-ft. industrial facility located at 5501 West Mill Road in Milwaukee, Wis. Built in 1966 and renovated in 2023, the distribution/warehouse property is situated on 2.48 acres.
Northmarq arranged financing on behalf of the borrower through its correspondent relationship with a life insurance company. The permanent fixed rate loan was structured on a 5-year term followed by a 30-year amortization schedule.
Meet our team
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.
