NorthMarq Capital’s Atlanta office negotiations $4.64 million refinance of two building medical office in Covington, Georgia
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.”
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
