NorthMarq Capital arranges a $4.1 million refinance for Emporia Marketplace
Mike Lowry, senior vice president of NorthMarq Capital’s Richmond-based regional office, has arranged the $4.1 million refinance of Emporia Marketplace, a 79,370-square-foot shopping center in Emporia.
According to NorthMarq, the transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq said it arranged financing for the borrower through its relationship with a CMBS lender. Food Lion, Peebles and Family Dollar represent the property’s major tenants.
NorthMarq, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through 36 offices across the U.S.