NorthMarq Capital’s Richmond office arranges $6.4 million refinance of Short Pump Village in Glen Allen, Virginia
Short Pump Village
RICHMOND (October 28, 2016) – Mike Lowry, senior vice president of NorthMarq Capital’s Richmond-based regional office, arranged the $6.4 million refinance of Short Pump Village, a 38,000 sq. ft. shadow-anchored retail property located at 11402 West Broad Street in Glen Allen, Virginia. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. The center is shadowed by Walmart and Lowe’s.
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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.
