NorthMarq completes acquisition financing of $3,815,000 for Little Sunshine’s Playhouse in O’Fallon, Missouri
ST. LOUIS, MISSOURI (August 26, 2019) – Northmarq's St. Louis debt and equity team arranged acquisition financing of $3,815,000 for Little Sunshine’s Playhouse.
The 9,726 sq. ft. preschool is located at 4220 State Hwy K in O’Fallon, Missouri.
Financing Details:
• 10-year term
• 25-year amortization
• Permanent fixed rate loan
• NorthMarq arranged financing for the borrower, Chez II Sunshine, LLC through its relationship with a life insurance company.
“Our correspondent life insurance company met all of the deadlines that were required by our Borrower’s 1031 tax exchange."
The transaction was featured in REJournals.com.
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.