NorthMarq Capital’s Atlanta office secures $5.719 million acquisition financing of Wake Forest Baptist Surgery Center in Clemmons, North Carolina
ATLANTA (November 28, 2018) – Will James, vice president of NorthMarq Capital’s Atlanta regional office arranged acquisition financing of $5.719 million for Wake Forest Baptist Surgery Center, a 12,500 sq. ft. surgery center located in Clemmons, North Carolina. The transaction was structured with a 5-year term with 4-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower, Healthcare Realty Solutions, through its relationship with a regional bank. The property’s major tenant is Wake Forest Baptist Regional Medical Center.
“The client specializes in stabilized single-tenant and value-add multi-tenant medical offices, surgery centers and out-patient clinics,” noted James.
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