Northmarq secures $12.3M refinance of Winterpock Crossing in Midlothian, VA
MIDLOTHIAN, Va. (June 20, 2024) — Mike Lowry, senior vice president of Northmarq’s Richmond Debt + Equity office successfully arranged the $12.3 million external refinance of retail center Winterpock Crossing located at 6601-6851 Lake Harbour Drive in Midlothian, Virginia. Built in 1999, the property was refinanced through a CMBS lender. The permanent, fixed-rate loan was structured with a 5-year term and a 30-year amortization schedule.
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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.
