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 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.