Retail - Debt

NorthMarq Capital

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 over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.