NorthMarq Capital, Inc. has completed first mortgage financing of $4 million on a 43,000 s/f shopping center, anchored by a small Foodtown supermarket. The transaction was a cooperative effort by NorthMarq's Regional offices in Northern New Jersey and Westchester County, New York.
Working with a longstanding life company correspondent lender, NorthMarq negotiated favorable terms for the client that provided for the flexibility to reposition the center after the closing.
NorthMarq Capital, Inc., a national real estate investment banker headquartered in Minneapolis with 28 regional offices coast-to-coast, provides commercial real estate debt and equity financing and commercial loan servicing. NorthMarq Capital provides more than $13 billion in annual production volume and services a loan portfolio of more than $34 billion. NorthMarq also provides real estate investment consulting services for public and private clients nationally through its consulting group, NorthMarq Advisors, LLC. Tags: