Aylmer and Austin of NorthMarq arrange $2.2 million acquisition financing

Michael Aylmer, assistant vice president of NorthMarq's Philadelphia Regional office, and Doug Austin, vice president of NorthMarq's San Diego office, cooperated to arrange acquisition financing of $2.2 million for Monroe Commerce Center, a 96,800 s/f industrial/flex property located at 1031 Glassboro Rd . Financing was based on a 15-year term and a 15-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a correspondent life insurance lender. "This transaction was a low-leverage non-recourse acquisition loan that required a quick close," said Aylmer. NorthMarq, the largest privately held commercial real estate financial intermediary in the U.S, provides mortgage banking and commercial loan servicing in 33 offices across the U.S. With an average of $8 billion in annual production volume and servicing a loan portfolio of nearly $40 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 Plusâ„¢ Seller-Servicer, and through its affiliation with Fannie Mae DUS lender AmeriSphere Multifamily Finance. In addition, NorthMarq has long relationships with over 50 life companies, many CMBS platforms and hundreds of local, regional and national banks. For more information, please visit www.northmarq.com.