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

Village at the Mall
ce3fc1cd-a7d2-4275-8cd4-293e927d7c31.jpg

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 is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

Image
NM Web Icon News Black

Stay on top of industry research