Randall Waddell of NorthMarq’s Louisville office arranges $7.75 million construction loan for Jeffersonville Town Center in Jeffersonville, Indiana
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.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
