August 1, 2017

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

Grocery Anchored Shopping Center

Debt & Equity

Multi-Tenant

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.

Available Retail (MT) properties

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.