NorthMarq Capital’s Richmond office arranges $5.5 million refinance of Satterfield Landing in Nags Head, North Carolina
Satterfield Landing
RICHMOND (November 15, 2016) – Mike Lowry, senior vice president of NorthMarq Capital’s Richmond-based regional office, arranged the $5.5 million refinance of Satterfield Landing, a 50,000 sq. ft. retail property located at 2210 South Croatan Highway in Nags Head, North Carolina. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. Tenants include Sears Home Store, T.J. Maxx and Staples.
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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.
