NorthMarq Capital’s Minneapolis office arranges $1,092,000 acquisition finance of O’Reilly Auto Parts in Fostoria, Ohio
MINNEAPOLIS (February 12, 2018) – Michael Padilla, vice president of NorthMarq’s Minneapolis regional office, negotiated acquisition financing of $1,092,000 for O’Reilly Auto Parts, a 6,750 sq. ft. retail property located in Fostoria, Ohio. The deal was structured with a 10-year loan term on a 17-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.
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