NorthMarq Capital’s Richmond office arranges $13.9 million refinance for Winterpock Crossing in Midlothian, Virginia

Winterpock Crossing
5afcace2-1c39-4e5d-b5d6-26ba9332188d.jpg

RICHMOND (July 24, 2017) Mike Lowry, senior vice president of NorthMarq Capital’s Richmond regional office, arranged refinancing of $13,900,000 for Winterpock Crossing, a 123,000 sq. ft. retail property located in Midlothian, Virginia. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional 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.