NorthMarq completes $12 million refinance of Hilltown Village Center in Chesterfield, Missouri
ST. LOUIS, MISSOURI (December 18, 2019) – NorthMarq’s St. Louis-based regional office arranged the $12 million refinance of Hilltown Village Center. The 141,889 sq. ft. retail property is located at 101 Hilltown Village Center in Chesterfield, Missouri.
“Our lender provided non-recourse loan with an attractive fixed interest rate for 15 years on a 25-year amortization at 70 percent LTV for this grocery anchored shopping center."
- 15-year term
- 25-year amortization schedule
- NorthMarq arranged the permanent-fixed loan for the borrower, RIJO, Inc. through its correspondent relationship with a life insurance 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.
