NorthMarq secures refinance of construction loan for Johnstone Supply in Urbandale, Iowa
OMAHA, NEBRASKA (November 20, 2019) – NorthMarq’s Omaha office arranged financing of $2.68 million for Johnstone Supply. The industrial property is located at 11000 Justine Drive in Urbandale, Iowa.
Financing Details:
- 10-year term
- 20-year amortization schedule
Property Details:
- The property contains 52,550 sq. ft.
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 more than $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.