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NorthMarq closes $7 million construction loan for mixed-use center in Indiana

April 20, 2018
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Randall Waddell, senior vice president of NorthMarq Capital’s Louisville regional office, finalized the $7.75 million construction loan for Jeffersonville Town Center, a 64,855-square-foot retail property at 1450 Veterans Parkway in Jeffersonville, Indiana.

The loan will be secured by the first phase of a 160-acre mixed-use development ultimately consisting of about 500,000 square feet of improvements.

The transaction was structured with a three-year interest-only term with extensions optional to the borrower. NorthMarq arranged financing for the borrower within a 45-day window to meet lease requirements of the anchor tenant, through its relationship with a local bank.

 

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financeIndianaJeffersonvilleMixed-useNorthMarqretail
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