Paul Whalen, vice president of 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.”

About Us

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.