NorthMarq Capital’s Atlanta office finalizes $4.9 million refinance of West Hills Plaza in Birmingham, Alabama

ATLANTA (November 11, 2016) – Will James, vice president of NorthMarq Capital’s Atlanta-based regional office, arranged the $4.9 million refinance of West Hills Plaza, a 103,500 sq. ft. retail property located at Bessemer Highway at Weibel Drive in Birmingham, Alabama. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. Tenants on the property include: Save-a-Lot, Cato, Citi Trends, Shoe Show, Compass Bank and T-Mobile. “The closing of an eight year old Super Walmart nearby initially was a concern for the property,” said James, “but the performance of the tenants and new leasing proved the location was solid. The property will remain a CMBS securitized asset for a third decade.”