Retail - Debt

NorthMarq Capital arranges financing of $24 million for Fountains at Bay Hill in Orlando, Florida

SAN DIEGO (November 4, 2014) – Steve Hollister, senior vice president of NorthMarq Capital’s San Diego based regional office secured financing of $24 million for Fountains at Bay Hill, a 103,767 sq.ft. retail property located in Orlando, Florida. The transaction was structured with a 7-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

”The lender won the deal by providing a flexible prepayment structure combined with an excellent rate,” said Hollister. “The prepayment structure was the greater of Yield Maintenance or one percent in years 1-3 and then opens at par for the remainder of the term.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.