Northmarq Richmond secures $3.5M refinance for 57,000 SF retail center in Lynchburg, VA
Lynchburg, Va. – Dave Howard, senior vice president, of Northmarq’s Richmond Debt + Equity team, successfully arranged the $3.5 million refinance of Waterlick Plaza, a 57,640 SF Dollar Tree anchored retail center in Lynchburg, Virginia. The retail center holds a diverse tenant mix of local players and credit tenants and is located off highway 460 and Waterlick Rd. The credit union financing consists of a fixed rate and 10-year term with a rate reset after 5 years, amortized over 25 years.
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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 $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
