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 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.
