Northmarq secures $12.3M refinance of Winterpock Crossing in Midlothian, VA
Winterpock Crossing
MIDLOTHIAN, Va. (June 20, 2024) — Mike Lowry, senior vice president of Northmarq’s Richmond Debt + Equity office successfully arranged the $12.3 million external refinance of retail center Winterpock Crossing located at 6601-6851 Lake Harbour Drive in Midlothian, Virginia. Built in 1999, the property was refinanced through a CMBS lender. The permanent, fixed-rate loan was structured with a 5-year term and a 30-year amortization schedule.
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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 $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.
