NorthMarq Capital’s Minneapolis office arranges $1,092,000 acquisition finance of O’Reilly Auto Parts in Fostoria, Ohio
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.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.