NorthMarq Capital’s Louisville office arranges $1.5 million refinance for Silver Run Centre in New Albany, Indiana
Silver Run Centre
LOUISVILLE (July 5, 2016) – Randall Waddell, senior vice president of NorthMarq Capital’s Louisville-based regional office, arranged the $1,475,000 million refinance of Silver Run Centre, an 11,355 sq. ft. retail property located at 2860-2880 Charlestown Road in New Albany, Indiana. The transaction was structured with a fixed rate 3-year term and 20-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local bank. NorthMarq’s client was faced with the untimely loss of a tenant prior to the maturity of a CMBS loan. Waddell placed interim debt on the Kroger shadow-anchor center that provided one year of interest-only debt service along with an earn-out capability to fund re-tenanting costs.
Meet our team
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.
