NorthMarq Capital’s Raleigh office arranges $7.3 million refinance of Hope Valley Commons in Durham, North Carolina
RALEIGH (January 30, 2017) – Brett Mason, senior vice president of NorthMarq Capital’s Raleigh-based regional office, finalized the $7.3 million refinance of Hope Valley Commons, a 38,963 sq. ft. retail property located at 1125 West NC Hwy 54 in Durham, North Carolina. The transaction was structured with a 15-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.