NorthMarq Capital arranges $10.1 million permanent loan for Erwin Terrace II in Durham, North Carolina
Erwin Terrace II
RALEIGH (October 14, 2015) – Keith Wells, managing director of NorthMarq Capital’s Richmond office and Todd Crouse, senior vice president/managing director of NorthMarq Capital’s Raleigh office arranged the $10.1 million permanent financing of Erwin Terrace II, a 138,240 sq.ft. commercial and residential property located at 2812 Erwin Road in Durham, North Carolina. This class “A” property is within walking distance to Duke University, VA Hospital and Duke University Medical Center.
About Northmarq
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.
