April 17, 2015

NorthMarq Capital arranges financing for properties in Tennessee and North Carolina for a combined $13.8 million

Two Properties

Debt & Equity

Multi-Tenant

RALEIGH (April 20, 2015) – Todd Crouse, senior vice president/managing director of NorthMarq Capital’s Raleigh based regional office arranged financing for a retail property located in Kingsport, Tennessee and a mixed-use property in Durham, North Carolina. Crown Point Shopping Center: This 88,892 sq.ft. retail property, located on Eastman Road in Kingsport, Tennessee received acquisition financing of $10.3 million. The transaction was structured with a 20-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. City Place: This 30,588 sq.ft. mixed-use property, located in Durham, North Carolina received acquisition/external refinancing of $3.5 million. The transaction was structured with a 5-year interest only term followed by a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local bank.

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.