Retail - Debt

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

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

 

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.