Retail - Debt

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. 

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.