Northmarq arranges $2.4 million in acquisition financing for Oak Street Shopping Center
CINCINNATI (Nov. 8, 2023) — Jeff Dietz, senior vice president of Northmarq’s Cincinnati Debt + Equity team, has secured $2.4 million in acquisition financing for a multi-tenant retail property in Conway, Arkansas. Oak Street Shopping Center was built in 1980 and is situated on 4.65 acres at 207 E. Oak Street.
Northmarq arranged financing on behalf of the borrower through its correspondent relationship with a life insurance company. The permanent fixed-rate loan was structured on a 3-year term.
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