Retail - Debt

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

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.

Northmarq is an industry-leading 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 an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.