Retail - Debt

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. 

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.