NorthMarq Capital’s Atlanta office arranges $3.8 million refinance of Beal Commons at Fort Walton Beach, Florida
Beal Commons
ATLANTA (August 11, 2017) Wanda Riggs Mack, vice president of NorthMarq Capital’s Atlanta regional office, arranged the refinancing of $3,800,000 for Beal Commons, a 25,260 sq. ft. retail property located in Fort Walton Beach, Florida. The transaction was structured with an eight-year term on a 20-year amortization schedule, with 18 months interest-only. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “The borrower wanted prepayment flexibility with a longer term and a fixed rate, which the bank was able to provide,” said Mack.
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.