Industrial - Debt

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

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.”

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.