David Garfinkel, senior vice president/managing director of NorthMarq’s St. Louis regional office, arranged $7.9 million in joint venture financing for Corporate Hill, a 289,245-square-foot office building in St. Louis.
Charter Communications and Bethesda Health Group are major tenants at the site. Financing was based on a 5-year term and was arranged for the borrower by NorthMarq through its relationship with a correspondent life company as a joint venture partner.
“This was a joint venture between the borrower and an institutional life insurance company. The borrower and the partner had a previous relationship on the lending side, and the acquisition was a smooth process due to this relationship,” said Garfinkel.
