NorthMarq arranges acquisition financing of $3.5 million for Balmoral Plaza in St. Louis, Missouri
Balmoral Plaza
ST. LOUIS, MISSOURI (December 17, 2019) – NorthMarq’s St. Louis-based regional office secured $3.5 million in acquisition financing for Balmoral Plaza. The office/retail property is located at 443-465 North New Ballas Road in St. Louis, Missouri. The property contains 12,720 sq. ft. of office space located above 12,020 sq. ft. of retail space.
“This was an excellent permanent loan quote fixed for 10 years with no prepayment penalty the last two years of the term."
Financing Details:
- 10-year term
- 25-year amortization schedule
- NorthMarq arranged the permanent-fixed loan for the borrower, Cape-Jackson SLB, LP through its correspondent relationship with a life insurance company.
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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.
