Northmarq arranges acquisition financing of $3 million for Fort Dearborn Company Building in St. Louis
ST. LOUIS, MISSOURI (July 24, 2019) – Northmarq’s St. Louis office secured acquisition financing of $3 million for Fort Dearborn Company Building. The 87,507 sq. ft. manufacturing facility property is located at 6880 Heege Road on 5.78 acres in St. Louis, Missouri. The transaction was structured with a 10-year term on a 20-year amortization schedule. NorthMarq arranged the non-recourse loan for the borrower, the White Company, through its relationship with a correspondent life insurance company.
“Northmarq’s exclusive correspondent life insurance company was able to lock in a 10-year fixed rate with a 20-year amortization schedule on a non-recourse loan for us. The lender/Northmarq was very responsive and met all timelines associated with our acquisition.”
- Thomas J. White, Jr.; President of The White 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.
