Murphy of NorthMarq handles $9 million refinance for three-building portfolio

James Murphy, managing director of NorthMarq's Boston regional office, arranged first mortgage refinancing of $9 million for a three building industrial portfolio. The properties are located at 12072 Best Place in Sharonville, 9449 Glades Dr. and 4434 Mulhauser Rd. in Hamilton. The buildings contain a total of 421,300 s/f of industrial space. Financing was based on a five-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower, High St. Equity, through its relationship with a correspondent life company lender. "This financing is a full leveraged and has a flexible prepayment structure and allowable partial releases," Murphy said. "This is another example of High St.'s ownership of quality real estate being attractive to the lender." NorthMarq, the largest privately held commercial real estate financial intermediary in the U.S., provides mortgage banking and commercial loan servicing in 33 offices coast to coast. With an average of $9.5 billion in annual production volume and servicing a loan portfolio of over $41 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.