NorthMarq Capital’s Richmond office arranges $6.4 million refinance of Short Pump Village in Glen Allen, Virginia
RICHMOND (October 28, 2016) – Mike Lowry, senior vice president of NorthMarq Capital’s Richmond-based regional office, arranged the $6.4 million refinance of Short Pump Village, a 38,000 sq. ft. shadow-anchored retail property located at 11402 West Broad Street in Glen Allen, Virginia. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. The center is shadowed by Walmart and Lowe’s.
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