NorthMarq’s Salt Lake City office completes $39,650,000 refinance of Traverse Retail in Lehi, Utah
Traverse Retail
SALT LAKE CITY, UTAH (May 1, 2019) – Nate Barnson, senior vice president/senior director of NorthMarq’s Salt Lake City office arranged the $39.65 million refinance of Traverse Retail, a 219,955 sq. ft. retail property located at 1750 West Traverse Parkway in Lehi, Utah. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender.
“This loan was a blend of fixed and floating rate products,” noted Barnson.
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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.
