Auerbacher of NorthMarq Capital arranges $10 million

Elliot Auerbacher, vice president of NorthMarq Capital's New York metro based office arranged a $10 million, revolving line of credit for a bridge lender. The collateral includes a variety of property types located in N.J., N.Y. and Pennsylvania. NorthMarq arranged financing, structured with a three-year interest only term, for the borrower through its relationship with a national bank. "The lender spent many hours helping the borrower complete this difficult transaction," said Auerbacher. NorthMarq Capital, tone of he largest privately held commercial real estate financial intermediaries in the U.S., provides mortgage banking and commercial loan servicing in 35 offices coast to coast. With more than $13 billion in annual production volume and servicing a loan portfolio of more than $45 billion, the company offers expertise to borrowers of all size. The company has a long track record of multi-family financing as a Freddie Mac Program Plus Seller-Servicer, and through its affiliation with Fannie Mae DUS lender AmeriSphere Multifamily Finance. In addition, NorthMarq has long loan production and loan servicing relationships with more than 50 life companies, many CMBS platforms and hundreds of local, regional and national banks. For more information, please visit www.northmarq.com.