Retail - Debt

NorthMarq Capital

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

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.”   

 

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 $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.