NorthMarq Capital’s Atlanta office negotiates $8 million refinance of a retail center in Roswell, Georgia
ATLANTA (November 18, 2016) – Johnny Rankin, vice president of NorthMarq Capital’s Atlanta-based regional office arranged the $8 million refinance of a retail center, a 60,000 sq. ft. retail property located in Roswell, Georgia. The transaction was structured with a 5-year term on a 25-year amortization schedule. NorthMarq arranged financing for borrower through its relationship with a local bank. “We were able to secure a high leverage loan with attractive structure, prepayment provisions and a low floating interest rate for the cash-out refinance of this class “A” unanchored retail center,” said Rankin. “We solicited quotes from numerous lenders and the borrower selected a local bank that was able to close quickly at the agreed-upon terms.”
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.
