NorthMarq Capital arranges acquisition financing of $23.1 million for Asheville Market in Asheville, North Carolina
Asheville Market
RALEIGH (June 28, 2018) – David Vinson, vice president of NorthMarq Capital’s Raleigh regional office, arranged acquisition financing of $23,100,000 for Asheville Market, a 129,851 sq. ft. retail property located in Asheville, North Carolina. The transaction was structured with a 10-year term (with 5-years interest only) on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a conduit CMBS lender.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
