Salt Lake City office arranges $2.8 million refinance of Mountain Vista in Provo, Utah

Mountain Vista
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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.

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.

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