July 5, 2016

NorthMarq Capital’s Louisville office arranges $1.5 million refinance for Silver Run Centre in New Albany, Indiana

Silver Run Centre

Debt & Equity

Multi-Tenant

LOUISVILLE (July 5, 2016) – Randall Waddell, senior vice president of NorthMarq Capital’s Louisville-based regional office, arranged the $1,475,000 million refinance of Silver Run Centre, an 11,355 sq. ft. retail property located at 2860-2880 Charlestown Road in New Albany, Indiana. The transaction was structured with a fixed rate 3-year term and 20-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local bank. NorthMarq’s client was faced with the untimely loss of a tenant prior to the maturity of a CMBS loan. Waddell placed interim debt on the Kroger shadow-anchor center that provided one year of interest-only debt service along with an earn-out capability to fund re-tenanting costs.

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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.

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