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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.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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