Retail - Debt

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. 

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 $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.