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Brokerage
Posted: September 18, 2009
James of NorthMarq Capital arranges $3.5 million first mortgage
Michael James, vice president of NorthMarq Capital's (NorthMarq) Upstate New York Regional office, arranged first mortgage financing in the amount of $3.5 million for 225 Greenfield Pwy., a 74,000 s/f office building. Brookfield Renewable Power is the major tenant in this facility. Financing was based on a 10-year term and a 25-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a federal credit union. According to James, this transaction has very favorable rate and prepayment features.
NorthMarq offers a full range of commercial real estate solutions across the country from its headquarters in Minneapolis, Minn.
The NorthMarq Capital group offers commercial real estate investment banking, investment sales, real estate debt and equity financing, and commercial loan servicing in 32 offices coast-to-coast, averaging $10 billion in annual production volume and servicing a loan portfolio of more than $37 billion. NorthMarq Real Estate Services provides brokerage, property management and healthcare advisory services to investors and space users, and through its corporate solutions division, provides mid-size corporate users real estate services nationwide.
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