NorthMarq’s Atlanta office negotiates construction loan of $18.75 million for retail property in Huntsville, Alabama
ATLANTA (November 20, 2018) – Randy Wolfe, managing director, and Bert Roberds, vice president, of NorthMarq’s Atlanta regional office, arranged the $18.75 million construction loan for the initial phase of retail within the greater Mid City Huntsville mixed use development. This phase is 102,000 sq. ft. and includes tenants, REI, Dave and Busters, High Point Climbing, Wahlburgers, Pies & Pints and others. The transaction was structured with a 5-year term. NorthMarq arranged financing for the borrower through its relationship with a regional bank.
“Mid-City Huntsville is a 100 acre master planned experiential development that in addition to retail/entertainment will include 200,000 sq. ft. of office space, 900 multifamily units, Top Golf, a city park and amphitheater,” said Wolfe.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
