January 1, 2016

NorthMarq Capital arranges acquisition financing of $2.49 million for portfolio of automotive repair facilities

Automotive Repair Facilities

Debt & Equity

Multi-Tenant

JACKSONVILLE (January 1, 2016) – Ryan Whitaker, senior vice president/senior director of NorthMarq Capital’s Jacksonville office and Alden Campbell, vice president of NorthMarq Capital’s Orlando office arranged the acquisition financing of $2.49 million for a portfolio of full service automotive repair facilities located in Jacksonville, Florida. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “NorthMarq was able to deliver a customized financing solution to the buyer of this unique asset class,” said Whitaker.

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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.