NorthMarq Capital arranges acquisition financing of $5.1 million for Lamar Industrial property in Memphis, Tennessee
Lamar Industrial
DALLAS (June 14, 2018) – Bart Dickinson, vice president of NorthMarq Capital’s Dallas regional office, arranged acquisition financing of $5,100,000 for 382,110 sq. ft., Lamar Industrial property located in Memphis, Tennessee. NorthMarq arranged financing for the borrower through its correspondent relationship with a life company. “This financing provided the borrower with a low-cost fixed-rate loan for this value-add transaction,” said Dickinson.
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.
