NorthMarq Capital’s Tampa regional office arranges $8 million construction/permanent loan for River Springs Town Center in Riverview, Florida

River Springs Town Center

Debt & Equity

Multi-Tenant

TAMPA (October 8, 2018) – Robert Hernandez, senior vice president/managing director and Lauren Hanley, vice president of NorthMarq Capital’s Tampa-based regional office secured the $8 million construction/permanent loan for River Springs Town Center, a 60,000 sq. ft. retail property located at 13410 Boyette Road in Riverview, Florida. NorthMarq arranged financing for the borrower through its relationship with a regional bank. The transaction was structured with a 5-year term, including an interest-only period, followed by a 25-year amortization schedule. Major tenants at the property include: Pinch-A-Penny; Tampa General Medical Group – Family Care Center; The Worx 24 Hour Fitness.

“The financing will provide funds for an addition to the existing center,” noted Hernandez. “The transaction was a refinance to a construction loan rolling into a permanent loan.”

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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.