NorthMarq Capital arranges acquisition financing of $2.49 million for three property portfolio of automotive repair facilities
Repair Facilities Portfolio
JACKSONVILLE (January 11, 2016) – Ryan Whitaker, senior vice president/senior director of NorthMarq Capital’s Jacksonville office and Alden Campbell, vice president of NorthMarq Capital’s Orlando office arranged the acquisition financing of $2.49 million for a three property portfolio of full service automotive repair facilities located in Jacksonville, Florida. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “NorthMarq was able to deliver a customized financing solution to the buyer of this unique asset class,” said Whitaker.
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.
