NorthMarq’s Salt Lake City office completes $39,650,000 refinance of Traverse Retail in Lehi, Utah
SALT LAKE CITY, UTAH (May 1, 2019) – Nate Barnson, senior vice president/senior director of NorthMarq’s Salt Lake City office arranged the $39.65 million refinance of Traverse Retail, a 219,955 sq. ft. retail property located at 1750 West Traverse Parkway in Lehi, Utah. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender.
“This loan was a blend of fixed and floating rate products,” noted Barnson.
Meet our team
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.
