NorthMarq negotiates refinance of Greenbelt Plaza Shopping Center in Childress, Texas
HOUSTON, TEXAS (April 28, 2021) – Larry Peters, senior vice president of NorthMarq’s Houston office, arranged the refinance of Greenbelt Plaza Shopping Center. The 24,699 sq. ft. shadow-anchored strip center is located in Childress, Texas. The transaction was structured with a 5+ year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with StanCorp, a life company lender.
“We were able to leverage our long-standing capital relationships to secure this cash-out refinance on a retail property in a secondary market,” said Peters.
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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. For more information, visit www.northmarq.com.
