Northmarq arranges a $15M permanent loan for an industrial complex in southern Idaho
Southern Idaho Industrial Park
Idaho – Steve Hollister, senior vice president of Northmarq’s Boise Debt + Equity team, successfully arranged the $15 million permanent loan on a newly built, 118,670- square-foot industrial park located in southern Idaho.
The non-recourse, permanent fixed-rate loan features a 10-year term and a 25-year amortization schedule. Northmarq arranged the financing for the borrower through its correspondent relationship with a national life insurance 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.
