Northmarq arranges acquisition loan for Tennessee industrial property
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 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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.
