Retail - Debt

NorthMarq completes $12 million refinance of Hilltown Village Center in Chesterfield, Missouri

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

Financing Details:
– 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. 

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 $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.