Retail - Debt

NorthMarq Capital arranged $15.75 million mortgage for Fredericktowne Crossing in Stephens City, Virginia

PHILADELPHIA (June 20, 2013) – Phil Deeter, senior vice president and managing director of NorthMarq’s Philadelphia regional office, arranged first mortgage refinancing of $15.75 million for Fredericktowne Crossing, an 88,418 sq. ft. retail center located in Stephens City, Virginia. Martin’s, a regional grocery chain, is the major tenant at the site. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a CMBS lender.

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.