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.
• 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.