NorthMarq’s Atlanta office secures $5.4 million refinancing of Bailey Cove Shopping Center in Huntsville, Alabama
ATLANTA, GEORGIA (January 3, 2020) – The NorthMarq Atlanta Debt & Equity team arranged the $5.4 million refinancing of Bailey Cove Shopping Center. The 58,829 sq. ft. multi-tenant shopping center, anchored by Tuesday Morning and YouFit Health Club, is located in the heart of the Southeast Huntsville. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower, with NAI Chase Commercial Realty acting as Agent through its relationship with a correspondent CMBS lender.
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. 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.
