Northmarq secures $1.56 million refinance of 40,960-sq.-ft. industrial property in Milwaukee, WI
MINNEAPOLIS (April 8, 2024) — Managing Director Andy Finn of Northmarq’s Minneapolis Debt + Equity team has successfully arranged the external refinance of a 40,960-sq.-ft. industrial facility located at 5501 West Mill Road in Milwaukee, Wis. Built in 1966 and renovated in 2023, the distribution/warehouse property is situated on 2.48 acres.
Northmarq arranged financing on behalf of the borrower through its correspondent relationship with a life insurance company. The permanent fixed rate loan was structured on a 5-year term followed by a 30-year amortization schedule.
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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
