January 28, 2013

NorthMarq Capital arranged $1.571 million mortgage for College Lakes Shopping Center in Fayetteville, North Carolina

College Lakes Shopping Center

Debt & Equity

Multi-Tenant

RALEIGH (January 28, 2013) – Todd Crouse, senior vice president and senior director of NorthMarq’s Raleigh Regional office, arranged first mortgage refinancing of $1.571 million for College Lakes Shopping Center, a 43,041 sq. ft. grocery-anchored retail center located at 929 McArthur Road in Fayetteville, North Carolina. Food Lion is the major tenant at the site. Financing was based on a 7-year term and a 20-year amortization schedule. The loan was arranged for the borrower by NorthMarq through its relationship with a local bank. NorthMarq also brokered the sale of the shopping center.

Available Retail (MT) 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.