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