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NorthMarq Arranges $12M Refi for Retail in St. Louis Metro
NorthMarq’s Jeff Chaney arranged the $12 million refinance of Hilltown Village Center in Chesterfield, MO, a suburb of St. Louis. Chaney finalized the permanent-fixed loan for the borrower, RIJO, Inc., through NorthMarq’s correspondent relationship with a life insurance company.
“Our lender provided a non-recourse loan with an attractive fixed interest rate for 15 years on a 25-year amortization at 70% LTV for this grocery-anchored shopping center,” said Chaney, SVP/managing director of NorthMarq’s St. Louis-based regional office.
Located at 101 Hilltown Village Center in Chesterfield, the 141,889-square-foot property is anchored by a Schnucks supermarket.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
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