NorthMarq Capital’s Boston office arranges $16.25 acquisition of industrial portfolio in Atlanta MSA
Industrial Portfolio
BOSTON (March 6, 2017) Michael Chase, senior vice president of NorthMarq Capital’s Boston regional office, arranged acquisition financing of $16,250,000 for a 807,631 sq. ft. industrial property located in the Atlanta MSA. The transaction was structured with full-term interest-only and flexible prepayment. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. “The quality of the real estate and the sponsorship spoke for itself,” said Chase. “We were pleased to be able to provide the client’s requested deal structure and close in under 40 days.”
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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.
