NorthMarq Capital’s Tampa office arranges $5.25 million refinance of West End Commons in Cartersville, Georgia
West End Commons
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.”
About Northmarq
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.
