Medical Office - Debt

NorthMarq Capital

NorthMarq Capital’s Atlanta office arranges $9.4 million acquisition financing for New Hanover Regional Medical Office in Jacksonville, North Carolina

ATLANTA (February 28, 2018) – Will James, vice president of NorthMarq Capital’s Atlanta regional office, arranged acquisition financing of $9.4 million for New Hanover Regional Medical Office, a 50,000 sq. ft. property located in Jacksonville, North Carolina. The transaction was structured with a 3-year term with four 1-year options. NorthMarq arranged financing for the borrower through its relationship with a national bank’s healthcare team. New Hanover Regional Medical is an investment grade credit tenant. “New Hanover Regional is expanding its market by leasing the building to attract and incubate service providers in the Jacksonville market,” noted James.

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.