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.
Meet our team
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.
