Retail

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 Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.