June 26, 2013

NorthMarq Capital arranged $7.6 million mortgage for Exchange East in Chapel Hill, North Carolina

Exchange East

Debt & Equity

Multi-Tenant

RALEIGH (June 26, 2013) – Todd Crouse, senior vice president and senior director of NorthMarq’s Raleigh regional office, arranged first mortgage refinancing of $7.6 million for Exchange East, a 56,718± sq. ft. multi-tenant suburban office building located at 1450 Raleigh Road in Chapel Hill, North Carolina. Franklin Street Partners, Inc. and Robinson, Bradshaw & Hinson, P.A. are major tenants at the site. Financing was based on a 10-year term and a 30-year amortization schedule. The loan was arranged for the borrower by NorthMarq through its relationship with a correspondent life company lender.

Available 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.