Northmarq Richmond secures $7.0M refinance for 36,700 SF retail center in Henrico, VA
Henrico, Va. – Dave Howard, senior vice president, and Win Martin, vice president, of Northmarq’s Richmond Debt + Equity team, successfully arranged the $7.0 million refinance of Short Pump Village Shopping Center, a 37,650-square-foot shadow anchored retail center in Henrico, Virginia. The retail center sits right next to one of the regions busiest Walmart’s in the coveted Short Pump retail submarket. The Life Company financing features a sub 6% fixed rate, over a 5-year term, with a 30-year amortization.
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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 $80 billion and has completed $91.3 billion in transactions over the past four years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
