NorthMarq Capital’s Richmond office arranges $4.16 million refinance of Emporia Marketplace in Emporia, Virginia
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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