NorthMarq Capital arranged $1.95 million mortgage for Northwood Plaza in Kernersville, North Carolina
Northwood Plaza
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.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
