NorthMarq Capital’s Richmond office arranges $3.7 million refinance of Townside Festival Shopping Center in Roanoke, Virginia

Townside Festival Shopping Center
6c82c82b-5b0d-4d84-81af-32dcbe228260.jpg

RICHMOND (July 24, 2017) Keith Wells, senior vice president/managing director of NorthMarq Capital’s Richmond regional office, arranged refinancing of $3,700,000 for Townside Festival Shopping Center, a 52,000 sq. ft. neighborhood retail property located in Roanoke, Virginia. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.

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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.