NorthMarq Capital arranged $9.25 million mortgage for Traemoor Village Shopping Center in Hope Mills, North Carolina
Traemoor Village Shopping Center
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.
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. For more information, visit www.northmarq.com.