Industrial
Debt & Equity

NorthMarq secures refinance of construction loan for Johnstone Supply in Urbandale, Iowa

OMAHA, NEBRASKA (November 20, 2019) – NorthMarq’s Omaha office arranged financing of $2.68 million for Johnstone Supply. The industrial property is located at 11000 Justine Drive in Urbandale, Iowa. 

Financing Details:
- 10-year term
- 20-year amortization schedule

Property Details:
- The property contains 52,550 sq. ft.

 

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.

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Johnstone Supply
Debt
$2,680,000