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In keeping with continued activity trends, RPN Raleigh Mastermind Meeting Member John Norwood, Senior Vice President and North Raleigh Market President at North State Bank, a full-service community bank headquartered in Raleigh, reported recent closings of a $1,000,000 land loan for an apartment site near Wake Tech; a $7,000,000 Food Lion strip center loan; and a $1,000,000 loan on a owner-occupied office building for a management company. In the pipeline, John has a $3,000,000 loan for scattered retail in downtown Raleigh and a $3,500,000 loan for retail center in North Raleigh as well as numerous other smaller projects.

 

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