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