Salt Lake City office arranges $2.8 million refinance of Mountain Vista in Provo, Utah
Mountain Vista
SALT LAKE CITY (July 5, 2017) Salt Lake City’s production team arranged financing of $2,800,000 for Mountain Vista, a newly constructed industrial property located in Provo, Utah. The transaction was structured with a 15-year term on a 25-year amortization schedule. Salt Lake City arranged financing for the borrower through its relationship with a regional credit union. “We were able to bring higher leverage for the construction loan takeout as well as future phase construction financing options to our client for this industrial building,” said Pinnock.
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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.
