NorthMarq’s Atlanta office secures $5.4 million refinancing of Bailey Cove Shopping Center in Huntsville, Alabama
Bailey Cove Shopping Center
ATLANTA, GEORGIA (January 3, 2020) – The NorthMarq Atlanta Debt & Equity team arranged the $5.4 million refinancing of Bailey Cove Shopping Center. The 58,829 sq. ft. multi-tenant shopping center, anchored by Tuesday Morning and YouFit Health Club, is located in the heart of the Southeast Huntsville. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower, with NAI Chase Commercial Realty acting as Agent through its relationship with a correspondent CMBS lender.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.