Retail - Debt

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.

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 more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.