NorthMarq Capital arranges $2.25 million refinance of St. John’s Medical Office in St. Louis, Missouri
St. John’s Medical Office
ST. LOUIS (June 1, 2015) – NorthMarq Capital’s St. Louis based regional office negotiated the $2.25 million refinance of St. John’s Medical Office, a 21,382 sq.ft. medical office building located at 755 Dunn Road in St. Louis, Missouri. The transaction was structured with a fully amortizing 9.5 year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Mercy represents the property’s major tenant. “Our correspondent life insurance company offered a very competitive non-recourse fixed-rate loan due to the fully amortizing request which matched up with the credit tenant’s lease term."
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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.
