Northmarq secures $10.85 million bridge financing for Station Road in Richmond, Virginia
Station Road
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 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.
