Retail - Debt

NorthMarq Capital

NorthMarq arranges $5 million refinance of Market Square & Laurel Green in Richmond, Virginia

RICHMOND, VIRGINIA (March 1, 2019) – Mike Lowry, senior vice president of NorthMarq’s Richmond-based regional office, secured the $5 million refinance of Market Square & Laurel Green, two separate retail properties located in Richmond, Virginia consisting of 78,166 sq. ft. in total GLA. CVS is the property’s major tenant. NorthMarq arranged the permanent-fixed rate loan for the borrower through one of its correspondent life insurance companies. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.