Randall Waddell of NorthMarq’s Louisville office arranges $7.75 million construction loan for Jeffersonville Town Center in Jeffersonville, Indiana
Jeffersonville Town Center
LOUISVILLE (April 18, 2018) – Randall Waddell, senior vice president of NorthMarq Capital’s Louisville regional office finalized the $7.75 million construction loan for Jeffersonville Town Center, a 64,855 sq. ft. retail property to be located at 1450 Veterans Parkway in Jeffersonville, Indiana. The loan will be secured by the first phase of a 160-acre mixed-use development ultimately consisting of approximately 500,000 sq. ft. of improvements. The transaction was structured with a 3-year interest-only term with extensions optional to the borrower. NorthMarq arranged financing for the borrower within a 45-day window in order to meet lease requirements of the anchor tenant, through its relationship with a local bank.
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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.
