Northmarq’s Debt + Equity team successfully arranges $68.5M refinancing for Merritt Tri-City industrial portfolio
Merritt Tri-City Industrial Portfolio
BALTIMORE — Northmarq’s Baltimore Debt + Equity team led by Bill Libercci and Joseph Burke successfully arranged $68.5 million worth of refinancing for three North Carolina-based industrial facilities.
Northmarq arranged financing with a correspondent life company on behalf of the borrower, an affiliate of Merritt Properties.
“This complicated multi-property financing worked well due to the long-term relationship between the borrower and the lender,” said Libercci. “Numerous moving parts made this transaction a challenge, but the lender structured a loan that fulfilled the borrower’s needs.”
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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.
