Retail

NorthMarq Capital’s San Diego office arranges $28 million refinance for Grocery Anchored Shopping Center in Salt Lake City, Utah

SAN DIEGO (August 1, 2017) Doug Austin, senior vice president/senior director of NorthMarq Capital’s San Diego office arranged refinancing of $28,000,000 for a grocery-anchored shopping center in Salt Lake City, Utah.

“Our correspondent life company lender matched the borrower’s specific need for flexible prepayment while providing 10-year fixed-rate financing,” said Austin.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.