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Brokerage
Posted: January 24, 2011
Cummings of NorthMarq Capital arranges $300,000 mortgage
Karen Cummings, vice president of NorthMarq Capital's (NorthMarq) Upstate New York Regional office arranged first mortgage financing of $300,000 for Evergreen Estates, 32-pad mobile home park located at 6171 West Main Rd. Financing was based on a 5-year term and a 25-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with Evans Bank. Cummings said, "great borrower."
NorthMarq, headquartered in Minneapolis, offers commercial real estate services for investors, developers, corporations and tenants. The company provides mortgage banking and commercial loan servicing in 32 offices coast-to-coast, with an average of $7 billion in annual production volume and services a loan portfolio of nearly $40 billion. NorthMarq manages more than 60 million s/f of retail, industrial and office space in 22 markets around the country.
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