April 8, 2013

NorthMarq Capital arranged $9.25 million mortgage for Traemoor Village Shopping Center in Hope Mills, North Carolina

Traemoor Village Shopping Center

Debt & Equity

Multi-Tenant

RALEIGH (April 8, 2013) – Todd Crouse, senior vice president and senior director of NorthMarq’s Raleigh regional office, arranged acquisition financing of $9.25 million for Traemoor Village Shopping Center, a 76,325 sq. ft. grocery-anchored retail center located in Hope Mills, North Carolina. Harris Teeter Grocery Store, McDonald’s ground lease and approximately 23,000 sq. ft. of small shops occupy the site. Financing was based on a 10-year term and a 20-year amortization schedule. The loan was arranged for the borrower by NorthMarq through its relationship with a correspondent life company lender.

Available Retail (MT) properties

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.