NorthMarq completes $7.2 million in acquisition financing for Sam’s Club in Douglasville, Georgia
MIAMI, FLORIDA (December 3, 2019) – NorthMarq’s Miami-based regional office arranged acquisition financing of $7.2 million for a Sam’s Club. The retail property is located at 6995 Concourse Parkway in Douglasville, Georgia.
Financing Details:
- 5-year interest only term
- NorthMarq arranged financing for the borrower through its relationship with a Mid-West based national life insurance company.
- The transaction was a re-deployment of equity via a 1031 exchange resulting from the sale of a property which NorthMarq had previously financed for the borrower.
Property Details:
- The property contains 129,532 sq. ft.
Producer Quote:
“We’re at an interesting juncture in the capital markets. With investment grade tenant cap rates above first mortgage interest rates, property owners benefit from a unique return arbitrage.”
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.
