Finance X Missouri

NorthMarq provides $3.03 million loan for mixed-use property in St. Louis

NorthMarq provides $3.03 million loan for mixed-use property in St. Louis,ph01

Jeff Chaney and Dan Baker of NorthMarq arranged acquisition financing of $3.03 million for the Wildwood Plaza mixed-use development in St. Louis.

The 17,490-square-foot property sits on a 1-acre site.

The loan consists of a 10-year term with 25-year amortization. NorthMarq arranged financing for the borrower, Chez IX Wildwood Plaza, LLC, thorugh its relationship with Stancorp, a life insurance company.