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.
About Northmarq
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 $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
