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