Industrial - Debt


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

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. 

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

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

Producer Quote:
“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

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.