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.

Tags: Brokerage

Reprint

Previous Story Next Story

Highcap Group sells Astoria 17 unit elevatored apartment building

Queens, NY Josh Goldflam, co-founder & principal of Highcap Group, along with director of investment sales Rodney Nassimian have arranged the sale of the multi-family apartment building located at

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

Island Associates negotiates lease extension for 2,160 s/f restaurant operated by Beef O’ Brady Bar and Grill at Lake Harris Square

IA negotiates lease extension for 2,160 s/f restaurant at Lake Harris Sq.

SCRE expands Brooklyn family retail sector through dual closings

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

New York City

Real estate industry leaders celebrate 10th anniversary of She Builds with lower east side revitalization project

Columns and Thought Leadership

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their