NorthMarq’s Atlanta office negotiates construction loan of $18.75 million for retail property in Huntsville, Alabama

Shops at Mid-City
Debt & Equity
Shopping Center
Multi-Tenant
Construction Loan
Bank
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ATLANTA (November 20, 2018) – Randy Wolfe, managing director, and Bert Roberds, vice president, of NorthMarq’s Atlanta regional office, arranged the $18.75 million construction loan for the initial phase of retail within the greater Mid City Huntsville mixed use development. This phase is 102,000 sq. ft. and includes tenants, REI, Dave and Busters, High Point Climbing, Wahlburgers, Pies & Pints and others. The transaction was structured with a 5-year term. NorthMarq arranged financing for the borrower through its relationship with a regional bank.

“Mid-City Huntsville is a 100 acre master planned experiential development that in addition to retail/entertainment will include 200,000 sq. ft. of office space, 900 multifamily units, Top Golf, a city park and amphitheater,” said Wolfe.

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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.
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