OMAHA, NEBRASKA (November 20, 2019) – Steve Ruff, managing director and Josh Larsen, vice president of 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.
– 10-year term
– 20-year amortization schedule
– The property contains 52,550 sq. ft.
“Through our correspondent life insurance company relationship, we were able to refinance the loan on the existing improvements and provide additional funding for the construction of an 8,000 sq. ft. addition.”
– Josh Larsen