BOSTON (May 4, 2015) – James M. Murphy, managing director of NorthMarq Capital’s Boston based regional office arranged acquisition financing of $6.375 million for an industrial portfolio in Atlanta, Georgia. The properties contain a total of 281,484 sq.ft. NorthMarq arranged interest only financing (featuring a competitive rate, prepayment flexibility and a fast closing) through its correspondent relationship with a life insurance company.
“NorthMarq once again shows its national reach by helping our clients finance properties in various markets across the country,” said Murphy. “We were pleased to be able to once again work with this borrower and provide them an aggressive rate and flexible deal structure all while being able to close in under 40 days.”