NorthMarq Capital’s Tampa office arranges $5.25 million refinance of West End Commons in Cartersville, Georgia
TAMPA (July 6, 2017) Bob Hernandez, senior vice president/ managing director of NorthMarq Capital’s Tampa regional office, arranged the refinance of $5,250,000 for West End Commons, a 62,087 sq. ft. retail property in Cartersville, Georgia. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. “The sponsor wanted to work with the lender located in Atlanta and insisted on meeting prior to application; our lender did a great job of sealing the deal,” said Hernandez. “The lender also did an excellent job structuring the loan to account for tenant-roll risk over the next few years.”
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.
