NorthMarq Secures $11M Acquisition Loan for Louisville Retail Center
NorthMarq has secured a $10.5 million acquisition loan for Freys Hill Retail Center, a 58,726-square-foot retail property in Louisville, KY.
Located at 10220 Westport Road, the center is anchored by PetSmart and was built in 2003. It is located in the Springhurst retail area in Louisville’s eastern suburbs. Additional tenants include Half Price Books, Party City and Starbucks.
Randall Waddell of NorthMarq secured the financing, which included a 10-year term on a 25-year amortization schedule with two years of interest-only payments. The borrower was Compass Capital. A local bank provided the financing.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.