Northmarq finalizes $10 million in acquisition financing via bridge loan for Macy’s store in Chesterfield, Missouri
Macy's
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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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
