ST. LOUIS, MISSOURI (December 18, 2019) – Jeff Chaney, senior vice president/managing director of 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,” said Chaney.
– 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.