NorthMarq Capital’s Atlanta office arranges acquisition financing of $4.2 million for Windward Forrest in Alpharetta, Georgia
Windward Forest
ATLANTA (March 7, 2016) – Johnny Rankin, vice president and Wanda Riggs Mack, vice president of NorthMarq Capital’s Atlanta office arranged acquisition financing of $4.2 million for Windward Forest, a 67,000 sq. ft. office property located at 960 North Point Parkway in Alpharetta, Georgia. The transaction was structured with a 5-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local bank. “A local bank provided a low-interest, fixed-rate loan and accommodated the quick closing need for the borrower’s 1031 exchange,” said Rankin.
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.