NorthMarq Capital’s Atlanta office arranges $3.8 million refinance of Beal Commons at Fort Walton Beach, Florida
ATLANTA (August 11, 2017) Wanda Riggs Mack, vice president of NorthMarq Capital’s Atlanta regional office, arranged the refinancing of $3,800,000 for Beal Commons, a 25,260 sq. ft. retail property located in Fort Walton Beach, Florida. The transaction was structured with an eight-year term on a 20-year amortization schedule, with 18 months interest-only. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “The borrower wanted prepayment flexibility with a longer term and a fixed rate, which the bank was able to provide,” said Mack.
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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
