Retail - Debt

NorthMarq Capital arranged $1.95 million mortgage for Northwood Plaza in Kernersville, North Carolina

RALEIGH (January 16, 2013) – Todd Crouse, senior vice president and senior director of NorthMarq’s Raleigh Regional office, arranged first mortgage refinancing of $1.95 million for Northwood Plaza, a 58,344 sq. ft. grocery-anchored retail center located at 611 N. Main Street in Kernersville, NC. Food Lion and Sears are major tenants at the site. Financing was based on a 5-year term and a 10-year amortization schedule. The loan was arranged for the borrower by NorthMarq through its relationship with a local bank.

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.