August 14, 2013

NorthMarq Capital arranged $8.7 million mortgage for Hendrix Crossing in Lexington, South Carolina

Hendrix Crossing

Debt & Equity

Multi-Tenant

RALEIGH (August 14, 2013) – Todd Crouse, senior vice president and senior director of NorthMarq’s Raleigh regional office, arranged acquisition financing of $8.7 million for Hendrix Crossing, a 61,712 sq. ft. grocery anchored shopping center located at the intersection of Charter Oaks Road and U. S. Highway 378 in Lexington, South Carolina. Publix is the major tenant at the site. Financing was based on a 15-year term and a 20-year amortization schedule. The loan was arranged for the borrower by NorthMarq through its relationship with a correspondent life company lender.

Available Retail (MT) 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.