Retail (MT)
Debt & Equity

NorthMarq Capital arranges financing for retail property located in McKinney, Texas

PHOENIX – James DuMars, managing director/senior vice president of NorthMarq Capital’s Phoenix based regional office secured the $5.775 million refinance of Stonebridge Crossing, a 35,281 sq.ft. shadow-anchored retail property located at 6700, 6710 and 6840 Virginia Parkway, McKinney, Texas. The transaction was structured with a 10-year term with 5-years interest only, followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. Centennial Medical Center will feature as one of the major tenants of the property.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

Stonebridge Crossing
Debt
$5,775,000