NorthMarq secures $33.2 million refinance of Breckenridge Shopping Center in Chester, Virginia
RALEIGH, NORTH CAROLINA (February 25, 2019) – David Vinson, vice president of NorthMarq’s Raleigh regional office arranged the $33.2 million refinance of Breckenridge Shopping Center. The 306,326 sq. ft. retail property is located in Chester, Virginia. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company. The property anchors include: Kroger, TJ Maxx/Home Goods, PetSmart, Ross Dress for Less, Ulta and Kohl’s.
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.
