Office - Debt

NorthMarq Capital arranges $2.7 million acquisition of The Fountain Office Building in Liberty, Missouri

DENVER (December 4, 2013) – Stephen Bye, executive vice president, and Dale Stewart, vice president of NorthMarq’s Denver regional office arranged acquisition financing of $2.7 million for The Fountain Office Building, a 26,160 sq.ft. office building located at 700 South, Hwy. 291, Liberty, Missouri. Financing for the transaction was structured with a 10-year term and 25-year amortization rate. NorthMarq arranged financing for the borrower, Pedersen Development Company, through its relationship with a regional bank. The property, located only 12 miles northeast of downtown Kansas City is 100% leased “and is occupied by two strong credit tenants,” said Bye.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.