Northmarq arranges $2.4 million in acquisition financing for Oak Street Shopping Center
Oak Street Shopping Center
CINCINNATI (Nov. 8, 2023) — Jeff Dietz, senior vice president of Northmarq’s Cincinnati Debt + Equity team, has secured $2.4 million in acquisition financing for a multi-tenant retail property in Conway, Arkansas. Oak Street Shopping Center was built in 1980 and is situated on 4.65 acres at 207 E. Oak Street.
Northmarq arranged financing on behalf of the borrower through its correspondent relationship with a life insurance company. The permanent fixed-rate loan was structured on a 3-year term.
About Northmarq
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.
