NorthMarq Capital's Boston office arranges $7 million refinance of an industrial property located in Columbus, Ohio

Industrial Property
DCF 1.0
BOSTON (July 2, 2014) – James Murphy, Managing Director of NorthMarq Capital’s Boston based regional office secured a $7 million refinance of 3100 Creekside Drive, a 340,000 sq.ft. industrial property located in Columbus, Ohio. The transaction was structured with a 5-year term and 25-year amortization schedule and was arranged for the borrower by NorthMarq through its correspondent relationship with a life company. “We are once again thankful for the opportunity to continue our long standing relationship with the client and we were pleased to be able to match them with a capital source that met the borrower’s needs for prepayment flexibility,” said Murphy. “The lender was able to underwrite the single-tenant risk in the transaction by recognizing the strengths of the asset, the prime location and sponsorship.”

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.

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