September 2, 2014

NorthMarq Capital arranges $14.6 million financing for The Summit in Raleigh, North Carolina

The Summit

Debt & Equity

Multi-Tenant

RALEIGH (August 20, 2014) – Todd Crouse, senior vice president/managing director of NorthMarq Capital’s Raleigh-based regional office secured $14.6 million refinancing for The Summit, a 121,250 square foot office property located in Raleigh, North Carolina. The transaction was structured with a 7-year term and 30-year amortization schedule and was arranged on behalf of the borrower by NorthMarq through its correspondent relationship with a life insurance company.

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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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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