Industrial - Debt

NorthMarq Completes $13.5 Million Refinance of Industrial Property in Southern Maine

BOSTON, MASSACHUSETTS (September 29, 2021) – Ryan Demadis, vice president of NorthMarq’s Boston office arranged refinancing of $13.5 million for a 405,000 sq. ft. industrial property located at 90 Spencer Drive in Wells, Maine. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a regional bank.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.