Retail - Debt

NorthMarq finalizes $1.2 million refinance of Deerwood Marketplace in Jacksonville, Florida

JACKSONVILLE, FLORIDA (January 30, 2020) – Joel Coykendall, senior vice president/managing director of NorthMarq’s Jacksonville office arranged the $1.2 million refinance of Deerwood Marketplace. The 8,311 sq. ft. retail property is located at 9866 Baymeadows Road in Jacksonville, Florida.  

Financing Details:
– 7-year term
– 30-year amortization schedule
– NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a national bank. 

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.