NorthMarq arranges acquisition financing of $1,205,850 for industrial property in Richmond, Virginia
Industrial Property
RICHMOND, VIRGINIA (March 31, 2021) – Reina Abboud, vice president of NorthMarq’s Richmond office finalized acquisition financing of $1,205,850 for a 39,000 sq. ft. industrial property located at 6290 Old Warwick Road in Richmond, Virginia. The transaction was structured with a 7-year term on a 22-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower, Cohen Investment Group, through its correspondent relationship with Ohio National, a life company lender.
About Northmarq
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.
