Northmarq arranges acquisition loan for Tennessee industrial property
Dexter Stamping
HOUSTON (Feb. 23, 2024) Northmarq’s Houston Debt + Equity team of Travis Fite, senior vice president, and Matt Franke, senior vice president, successfully arranged the acquisition financing of a 10-acre industrial property located at 1800 Joe B Jackson Pkwy in Murfreesboro, Tennessee. Built in 2011, the single-tenant manufacturing facility is leased to Dexter Stamping, an automotive supplier and manufacturer. Northmarq secured the permanent fixed rate loan for the repeat borrower through its correspondent relationship with a life insurance company. The acquisition loan was structured on a 5-year term.
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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.
