NorthMarq Capital’s Atlanta office negotiations $4.64 million refinance of two building medical office in Covington, Georgia
Two Medical Office Buildings
ATLANTA (January 11, 2017) – Wanda Riggs Mack, vice president of NorthMarq Capital’s Atlanta-based regional office arranged the $4.64 million refinance of Resurgens Center East Phase I & II, two medical office buildings (20,000 sq. ft. and 12,000 sq. ft.) located in Covington, Georgia. The transaction was structured with a 15-year term on a 20-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Resurgens Orthopedics represents the property’s major tenant.
“Phase I of Resurgens Center East was the refinance of an existing Protective loan,” said Mack. “Phase II was a take-out of bank construction financing.”
About Northmarq
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.