Industrial L Iowa

NorthMarq closes $2.68 million loan for industrial property in Iowa

NorthMarq closes $2 million loan for Iowa industrial property,ph01

Steve Ruff, managing director, and Josh Larsen, vice president, of NorthMarq’s Omaha, Nebraska, office arranged financing of $2.68 million for Johnstone Supply.

The industrial property is located at 11000 Justine Drive in Urbandale, Iowa.

The loan is a 10-year term with a 20-year amortization schedule. The property is 52,550 square feet.