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MissouriFinance

NorthMarq secures $3 million loan for St. Louis office building

July 23, 2019
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Jeffrey Chaney, senior vice president and managing director of NorthMarq’s St. Louis office, secured acquisition financing of $3 million for the Fort Dearborn Company building in St. Louis.

The 87,507-square-foot manufacturing facility property is located at 6880 Heege Road on 5.78 acres.

The transaction was structured with a 10-year term on a 20-year amortization schedule. NorthMarq arranged the non-recourse loan for the borrower, the White Company, through its relationship with a correspondent life insurance company.

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