Finance X Missouri

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

NorthMarq secures $3 million loan for St. Louis office building,ph01

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.