Northmarq Capital arranges mortgage financings for two Richmond properties
- May 15, 2011
The Washington D.C. regional office of NorthMarq Capital has arranged permanent first-mortgage financing totaling $5.3 million for two Richmond commercial properties. According to Citybizlist, Staples Mill Plaza, a 70,416-square-foot retail center, received $3.3 million in financing, based on a 10-year-term and 30-year amortization schedule.
Two million in financing also was secured for Midlothian Crossing, an 88,298-square-foot retail center, based on a 20-year term and 20-year amortization schedule. Matthew Kohlhoss, vice president, and Gary McGlynn, senior vice president and managing director, handled the deal for Northmarq.