Retail - Debt

NorthMarq’s Bob Hernandez arranges $3.1 million permanent loan for Aldi/Tractor Supply retail center in Bartow, Florida

TAMPA, FLORIDA (February 26, 2021) – Robert Hernandez, senior vice president/managing director of NorthMarq’s Tampa regional office negotiated the $3.1 million permanent loan for the 50,066 sq. ft. Aldi/Tractor Supply retail center in Bartow, Florida. 

The permanent loan was structured with a 20-year self-amortizing term. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. 

Built in 1996, the sponsor is making significant capital improvements at the site to get the building and parking lot ready for Aldi to move in and begin their own tenant build-out.

“The sponsor did an excellent job of repositioning the center and our lender realized the value that had been created,” said Hernandez.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.