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.
Meet our team
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.
