Retail - Debt

NorthMarq Capital’s Raleigh office arranges $5.25 million refinance of Festival at Frederick in Frederick, Maryland

RALEIGH – (May 12, 2015) Todd Crouse, senior vice president/managing director of NorthMarq Capital’s Raleigh based regional office arranged the $5.25 million refinance of Festival at Frederic, a 90,359 sq.ft. retail property located at 430-490 Prospect Boulevard in Frederick, Maryland. The transaction was structured with a 10-year term and 15-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.