NorthMarq Capital arranged $15.75 million mortgage for Fredericktowne Crossing in Stephens City, Virginia
Fredericktowne Crossing
PHILADELPHIA (June 20, 2013) – Phil Deeter, senior vice president and managing director of NorthMarq’s Philadelphia regional office, arranged first mortgage refinancing of $15.75 million for Fredericktowne Crossing, an 88,418 sq. ft. retail center located in Stephens City, Virginia. Martin’s, a regional grocery chain, is the major tenant at the site. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a CMBS 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.
