Retail (MT)
Debt & Equity

NorthMarq Capital arranges acquisition financing of $23.1 million for Asheville Market in Asheville, North Carolina

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. 

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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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Asheville Market
Permanent Loan - Fixed
$23,100,000