NorthMarq Capital’s Boston office arranges $16.25 acquisition of industrial portfolio in Atlanta MSA
Industrial Portfolio
BOSTON (March 6, 2017) Michael Chase, senior vice president of NorthMarq Capital’s Boston regional office, arranged acquisition financing of $16,250,000 for a 807,631 sq. ft. industrial property located in the Atlanta MSA. The transaction was structured with full-term interest-only and flexible prepayment. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. “The quality of the real estate and the sponsorship spoke for itself,” said Chase. “We were pleased to be able to provide the client’s requested deal structure and close in under 40 days.”
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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.
