NorthMarq Capital arranged $1.95 million mortgage for Northwood Plaza in Kernersville, North Carolina
Northwood Plaza
RALEIGH (January 16, 2013) – Todd Crouse, senior vice president and senior director of NorthMarq’s Raleigh Regional office, arranged first mortgage refinancing of $1.95 million for Northwood Plaza, a 58,344 sq. ft. grocery-anchored retail center located at 611 N. Main Street in Kernersville, NC. Food Lion and Sears are major tenants at the site. Financing was based on a 5-year term and a 10-year amortization schedule. The loan was arranged for the borrower by NorthMarq through its relationship with a local bank.
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.
