Townside Festival Shopping Center in Roanoke
NorthMarq Capital’s Richmond regional office has arranged permanent financing of $10.9 million for the General Services Administration building in Norfolk, a 53,917-square-foot property.
The transaction was structured with a fixed rate, five-year term on a 25-year amortization.
In another transaction, NorthMarq arranged refinancing of $3.7 million for Townside Festival Shopping Center, a 52,000-square-foot neighborhood retail property in Roanoke. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq said it arranged financing for the borrower through its relationship with a correspondent life company.
