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
Cfss headshots parker robert webversion 21422121214

The Latest Solar Scams and What You Can Do to Help Stop Them

Robert Parker - Cape Fear Solar Systems
Chris coudriet

As the Weather Warms, New Hanover County Remains Committed to Keeping Things Green

Chris Coudriet - New Hanover County Government
Georgiarowe

Salling and Tate Dentistry Launches Annual "Gunner’s Runners" Shoe Collection Event, Aiming to Surpass Last Year's Success

Georgia Rowe - Wide Open Tech

Trending News

Riverlights Could Add 73 More Townhomes To Mix, Site Plans Show

Staff Reports - Apr 18, 2024

Game Over For Michael Jordan Museum At Project Grace

Audrey Elsberry - Apr 19, 2024

City Approvals Push Forward Plans For Former Wilmington Fire Stations

Emma Dill - Apr 17, 2024

Surf City Embarks On Park’s Construction

Cece Nunn - Apr 19, 2024

Taking Marine Science On The Road

Lynda Van Kuren - Apr 19, 2024

In The Current Issue

Surf City Embarks On Park’s Construction

“Our little town, especially the mainland area, is growing by leaps and bounds. So having somewhere else besides the beach for kids to go an...


MADE: Makers Of Important Papers

W.R. Rayson is a family-owned manufacturer and converter of disposable paper products used in the dental, medical laboratory and beauty indu...


Funding A Food Oasis: Long-awaited Grocery Store Gains Momentum

With millions in committed funding from New Hanover County and the New Hanover Community Endowment, along with a land donation from the city...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season