Berns of NorthMarq Cap. originates $2.7 million in financing for PriceRite

Sam Berns, senior vice president and managing director of NorthMarq Capital, Inc.'s Upstate N.Y. Regional office, arranged first mortgage financing in the amount of $2.7 million for a 42,100 s/f PriceRite grocery store. Financing was based on a 10-year term and a 25-year amortization schedule and was arranged for the b orrower by NorthMarq through it's relationship with a national commercial real estate credit company. Berns said, "The Rochester office was proud to be a part of this transaction since it put a brand new grocery store in an area of the city which desperately needed it. It will greatly enhance the standard of living in this area." NorthMarq Capital, a national real estate investment banker headquartered in Minneapolis with 29 regional offices coast-to-coast, provides commercial real estate debt and equity financing and commercial loan servicing. NorthMarq Capital provides more than $11.8 billion in annual production volume and services a loan portfolio of more than $36.5 billion.