NorthMarq Capital’s Minneapolis office arranges $1,092,000 acquisition finance of O’Reilly Auto Parts in Fostoria, Ohio
O’Reilly Auto Parts
MINNEAPOLIS (February 12, 2018) – Michael Padilla, vice president of NorthMarq’s Minneapolis regional office, negotiated acquisition financing of $1,092,000 for O’Reilly Auto Parts, a 6,750 sq. ft. retail property located in Fostoria, Ohio. The deal was structured with a 10-year loan term on a 17-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.
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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.
