NorthMarq Capital arranged $3.15 million mortgage for Cayce Commons in Cayce, South Carolina
Cayce Commons
RALEIGH (July 18, 2013) – Todd Crouse, senior vice president and senior director of NorthMarq’s Raleigh regional office, arranged first mortgage refinancing of $3.15 million for Cayce Commons, a 59,531 sq. ft. grocery anchored retail center located at the intersection of Charleston Highway and SC Highway 2 in Cayce, South Carolina. Reids Grocery Store and Dollar Tree are major tenants at the site. Financing was based on a 17-year term and a 17-year amortization schedule. The loan was arranged for the borrower by NorthMarq through its relationship with a correspondent life company lender.
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.
