Retail - Debt

NorthMarq Capital

NorthMarq completes acquisition financing of $3,815,000 for Little Sunshine’s Playhouse in O’Fallon, Missouri

ST. LOUIS, MISSOURI (August 26, 2019) – Dan Baker and Jeff Chaney 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,” Baker said. 

The transaction was featured in REJournals.com

 

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 $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.