NorthMarq Capital arranges $24 million in acquisition financing for Corporate Hill I, II & III in St. Louis, Missouri

Corporate Hill I, II & III
Debt & Equity
Multi-Tenant
Office
Debt
7f9f270b-825d-4458-9c9a-59bd7095e92c
ST. LOUIS (October 30, 2014) – David Garfinkel, senior vice president/managing director of NorthMarq Capital’s St. Louis based regional office arranged acquisition financing of $24 million for Corporate Hill I, II & III, a 289,508 sq.ft. office property located at 1610, 1630 and 1650 Des Peres Road in St. Louis, Missouri. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Charter communications represents the site’s major tenant. “The loan was an acquisition loan with tight timeframes, and all parties worked cohesively to make everything happen in a timely manner,” said Garfinkel.
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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.

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