Print
Real Estate - Commercial

Mortgage Firm Relocating To Barclay Commons

By Cece Nunn, posted Jul 6, 2020
Kevin Crooks

After about two years on Commonwealth Drive in the Wilmington market, a mortgage firm that serves the military has gotten a bigger office.

AAFMAA Mortgage Services leased Suite 202 at 2520 Independence Blvd. in Barclay Commons.

The more than 3,600-square-foot office space is in midtown because "it was a central part of town, and Wilmington commercial leasing spaces are limited," said Kevin Crooks, branch manager for AAFMAA Mortgage Services. "It certainly gave us the functionality we were looking for as far as office spaces and common area."

Seven employees typically work in the AAFMAA Mortgage branch in Wilmington, but they're mostly working from home right now, Crooks said.

Crooks said the not-for-profit, member-owned company, is kind of like a credit union, but to become a member, a client has to currently be a part of or have served in the armed forces.

Crooks said his branch, a division of a larger company, works on mortgages only, but its parent company also offers life insurance and wealth management.

"Right now probably about 90% of our business is refinancing because the rates are so low," Crooks said. "It's been challenging trying to figure out how to do it all and learning how to do it remotely. We've been fortunate that our business has only increased since everything started."

The larger space will allow the branch to have a safer setting that can factor in much more social distance, Crooks said.

Commercial broker Allan Fox of Coldwell Banker Commercial Sun Coast Partners represented AAFMAA in the lease, while commercial brokers Tyler Pegg and Cody Cress, of the Cress Group of Coldwell Banker Commercial Sun Coast Partners, represented the landlord, Barclay Group LLC.

Ico insights

INSIGHTS

SPONSORS' CONTENT
Alycephillipsnew2

Some Subtleties Mean Social Security Is Not So Simple

Alyce Phillips - Old North State Trust LLC
Mike stonestreet 300x300

Communicating In A Crisis: Part 1 – Defining A Crisis And Preparing Communication

Mike Stonestreet - CAMS (Community Association Management Services)
Carolinemontgomery4

How Employee Retention Tax Credits Can Aid Employers

Caroline Montgomery - Adam Shay CPA, PLLC

Trending News

Developers Plan $8.5M Spec Building In First Construction At Brunswick Megasite

Christina Haley O'Neal - Aug 11, 2020

Three Wilmington Companies Rank On Inc.'s Fastest-growing List

Jenny Callison - Aug 13, 2020

Hendrick Acquires Auto Dealership From Neuwirth Motors, Completes Moves

Cece Nunn - Aug 11, 2020

Private Preschool Opening Wilmington Location

Cece Nunn - Aug 11, 2020

La Oaxaqueña Taqueria Serves Up Authentic Oaxacan Cuisine 

Jessica Maurer - Aug 12, 2020

In The Current Issue

Some Of The Latest News On The PPP, Disaster Loan

Two programs offered by the U.S. Small Business Administration in­tended to help keep small businesses afloat during the current economic do...


Dosher Foundation Gets Golden LEAF Grant

Dosher Memorial Hospital Foundation received $378,000 from the Golden LEAF Foundation for an on-site well water system at the Southport hosp...


Planning A Bigger Sandwich Bite

Brent and Michele Brouse opened the Cape Fear region’s first Potbelly Sandwich Shop in July. Take it to the bank, it will not be their last....

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2020 Leadership Accelerator: Virtual Workshops for Real Leaders
2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`