NorthMarq completes acquisition financing of $3,815,000 for Little Sunshine’s Playhouse in O’Fallon, Missouri
Little Sunshine’s Playhouse
ST. LOUIS, MISSOURI (August 26, 2019) – Northmarq's St. Louis debt and equity team arranged acquisition financing of $3,815,000 for Little Sunshine’s Playhouse.
The 9,726 sq. ft. preschool is located at 4220 State Hwy K in O’Fallon, Missouri.
Financing Details:
• 10-year term
• 25-year amortization
• Permanent fixed rate loan
• NorthMarq arranged financing for the borrower, Chez II Sunshine, LLC through its relationship with a life insurance company.
“Our correspondent life insurance company met all of the deadlines that were required by our Borrower’s 1031 tax exchange."
The transaction was featured in REJournals.com.
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About Northmarq
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.
