Retail - Debt

NorthMarq Capital

NorthMarq Capital arranges $10 million refinance of Village at the Mall in Florence, Kentucky

CINCINNATI (July 10, 2017) Susan Branscome, managing director and Noah Juran, vice president of Northmarq Capital’s Cincinnati office collaborated with Dale Stewart, vice president of NorthMarq Capital’s Denver office to arrange refinancing of $10,000,000 for the Village at the Mall, a 92,764 sq. ft. retail property located at 7564 Mall Road in Florence, Kentucky. The deal was structured with a 10-year loan term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. “Unanchored retail is not always the easiest property to finance. We were able to understand the borrower’s financing goals to pay off his expiring debt and identified one of our life insurance companies as the best fit to finance this property,” said Branscome.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.