Northmarq finalizes $10 million in acquisition financing via bridge loan for Macy’s store in Chesterfield, Missouri
ST. LOUIS, MISSOURI (January 21, 2022) – David Garfinkel, senior vice president/managing director of Northmarq’s St. Louis debt/equity team, arranged acquisition financing of $10 million for a 240,000 sq .ft. Macy’s property. The class B big-box retail store (built in 1980) is located at 49 Chesterfield Mall in Chesterfield, Missouri. The transaction was structured with a fully-amortizing 3-year term. Northmarq secured the bridge loan for the borrower through hits relationship with a commercial bank.
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