HOUSTON (June 2, 2015) – Warren Hitchcock, vice president of NorthMarq Capital’s Houston based regional office arranged permanent debt financing for Intellicenter, a 150,000 sq.ft. LEED Silver certified office property located at 2531 Sever Road in Atlanta, Georgia. The transaction was structured with a 12-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
“The Intellicenter Building, in Northeast Atlanta, is a unique LEED Certified Office Building which is 100% occupied by a number of well-known credit tenants. The borrowers’ business plan is to hold this key property for a long duration, and we provided a low-rate, long-term loan to help accommodate that objective,” reported Hitchcock. “The buyer, Susquehanna Holdings, Ltd, has a goal to lock in low rates on quality assets, and this plan is shared with many of our clients in today’s advantageous rate environment.”