NorthMarq’s Louisville office completes $4.25 million refinance of industrial portfolio in New Albany, Indiana
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.
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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
