June 23, 2016

NorthMarq Capital’s Louisville office arranges acquisition financing of $2 million for Jackson Circle Shopping Center in Tullahoma, Tennessee

Jackson Circle Shopping Center

Debt & Equity

Multi-Tenant

LOUISVILLE (June 23, 2016) – Randall Waddell, senior vice president of NorthMarq Capital’s Louisville-based regional office, arranged acquisition financing of $2,037,600 for Jackson Circle Shopping Center, a 6,500 sq. ft. retail property located at 1603 North Jackson Street in Tullahoma, Tennessee. The transaction was structured with a fixed-rate 7-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local community bank. Mattress Firm and AT&T occupy the recently completed project on long-term leases. NorthMarq represented a long-standing client in this transaction. “The challenge here was to provide highly-leveraged debt within the timeline dictated by the purchase agreement in a relatively small market area,” said Waddell.

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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.

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