Northmarq Richmond office secures $2.8M refinance of retail property in Lexington, VA

College Square Shopping Center
multi-tenant retail center

LEXINGTON, Va. (Jan. 1, 2024) Keith Wells, managing director of Northmarq’s Richmond Debt + Equity office successfully arranged the $2.8 million external refinance of retail center College Square located at 744-800 N Lee Highway in Lexington, Virginia. The permanent, fixed-rate loan was structured with a 5-year term and a 30-year amortization schedule. Northmarq secured the financing through a local 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.