Mixed Use - Debt

NorthMarq arranges acquisition financing of $3.5 million for Balmoral Plaza in St. Louis, Missouri

ST. LOUIS, MISSOURI (December 17, 2019) – Jeffrey Chaney, senior vice president/managing director of 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,” said Chaney.

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. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.