Retail

NorthMarq Capital’s Denver office arranges $18,500,000 refinance of New Garden Crossing in Greensboro, North Carolina

DENVER (July 6, 2017) – Mark Jeffries, vice president of NorthMarq Capital’s Denver regional office, negotiated the $18,500,000 refinance of New Garden Crossing, a 168,950 sq. ft. retail property located in Greensboro, North Carolina. The transaction was structured with a ten-year term on a 30 year amortization schedule. Major tenants include Lowe’s Foods, Marshalls and Home Goods.

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.