NorthMarq Capital’s Richmond office arranges $4.16 million refinance of Emporia Marketplace in Emporia, Virginia
Emporia Marketplace
RICHMOND (July 13, 2016) – Mike Lowry, senior vice president of NorthMarq Capital’s Richmond-based regional office, arranged the $4.165 million refinance of Emporia Marketplace, a 79,370 sq. ft. retail space located in 200 Market Drive, Emporia, Virginia. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. Food Lion, Peebles and Family Dollar represent the property’s major tenants.
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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.
