NorthMarq Capital’s Louisville office arranges acquisition financing of $2 million for Jackson Circle Shopping Center in Tullahoma, Tennessee
Jackson Circle Shopping Center
LOUISVILLE (June 23, 2016) – Randall Waddell, senior vice president of NorthMarq Capital’s Louisville-based regional office, arranged acquisition financing of $2,037,600 for Jackson Circle Shopping Center, a 6,500 sq. ft. retail property located at 1603 North Jackson Street in Tullahoma, Tennessee. The transaction was structured with a fixed-rate 7-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local community bank. Mattress Firm and AT&T occupy the recently completed project on long-term leases. NorthMarq represented a long-standing client in this transaction. “The challenge here was to provide highly-leveraged debt within the timeline dictated by the purchase agreement in a relatively small market area,” said Waddell.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
