January 30, 2013

NorthMarq Capital arranged $3.25 million mortgage for Atrium Medical Office Building in Raleigh, North Carolina

Atrium Medical Office Building

Debt & Equity

Multi-Tenant

RALEIGH (January 30, 2013) – Todd Crouse, senior vice president and senior director of NorthMarq’s Raleigh Regional office, arranged first mortgage refinancing of $3.25 million for the 36,001 sq. ft. Atrium Medical Office Building located at 2417 Atrium Drive in Raleigh, North Carolina. The property was 23% vacant at the time of the refinance. Financing was based on a 10-year term and a 25-year amortization schedule. The loan was arranged for the borrower by NorthMarq through its relationship with a correspondent life insurance company. “The lender provided attractive financing without any holdbacks or reserves for this Class A medical office building that was only 77% occupied at closing,” Crouse said.

Available Medical Office properties

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.