Northmarq secures $10.85 million bridge financing for Station Road in Richmond, Virginia
RICHMOND, VIRGINIA (February 28, 2022) – Reina Mazicioglu, Keith Wells, and Hunter Wood of Northmarq’s Richmond debt/equity team, arranged the $10.85 million bridge financing for the Station Road. The 213,763 sq. ft. industrial property is located at 2208-2220 Station Road, Richmond, Virginia. The bridge loan was structured on a 5-year interest only term followed by a 25-year amortization schedule.
Built in 1975 and last renovated in 2002, the distribution property is located on a 6.02-acre lot featuring 22’ clearance, 20 docking doors, and 30 standard parking spaces.
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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.
