Industrial
Debt & Equity

NorthMarq Capital’s Louisville office arranges $11.5 million refinance of River Ridge IV in Jeffersonville, Indiana

LOUISVILLE (November 9, 2015) – Randall Waddell, senior vice president of NorthMarq Capital’s Louisville regional office secured the $11.5 million refinance of River Ridge IV, a 500,000 sq.ft. bulk distribution warehouse located at 600 Patrol Road in Jeffersonville, Indiana. The transaction was structured with a 10-year term and 15-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a national life insurance company. “The borrower, a preeminent industrial developer in the Louisville market area, elected to take out floating rate bank debt with an aggressively priced permanent loan,” explained Waddell. “The parties have worked together on previous transactions and the closing process was characteristically smooth.”

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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River Ridge IV
Debt
$11,500,000