Northmarq Secures $14 Million Loan for Madison Plaza Shopping Center in Huntsville, Alabama

by Hayden Spiess

Huntsville, Ala. —Northmarq has secured a $14 million loan for Madison Plaza, a 153,739-square-foot shopping center located in Huntsville. Randy Wolfe of Northmarq arranged the 10-year financing through a regional credit union on behalf of RCP Cos. The loan features one year of interest-only payments and a 25-year amortization schedule. Built in 1984 and renovated in 2016, Madison Plaza is leased to tenants including Havertys, Stars and Strikes, State Farm, Dragon Alley and Viet Huong.

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