NorthMarq finalizes $8,986,000 construction loan for Turner Road Business Center in Richmond, Virginia
RICHMOND, VIRGINIA (February 17, 2020) – Mike Lowry, senior vice president of NorthMarq’s Richmond-based regional office arranged the $8,986,000 construction loan for Turner Road Business Center. The 81,000 sq. ft. class A industrial property is located in Richmond, Virginia. NorthMarq arranged financing for the borrower through its relationship with a national bank.
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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.
