Industrial - Debt

NorthMarq Capital

NorthMarq Capital arranges acquisition financing of $5.1 million for Lamar Industrial property in Memphis, Tennessee

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.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.