NorthMarq’s Louisville office completes $4.25 million refinance of industrial portfolio in New Albany, Indiana
Industrial Portfolio
LOUISVILLE, KENTUCKY (July 24, 2019) – Randy Waddell, senior vice president of NorthMarq’s Louisville-based regional office, arranged the $4.25 million refinance of Space Plex Portfolio, a collection of three industrial properties located at 501 East Park Blvd, 525 Park East Blvd, and 645 Park East Blvd, New Albany, Indiana. The portfolio contains a combined 199,546 sq. ft. The transaction was structured with a 3-year interest-only term. NorthMarq arranged financing for the borrower through its relationship with a local bank.
“This is subordinate debt to the existing debt on the properties,” said Waddell.
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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.
