Aylmer of NorthMarq arranges $1.187 million first mortgage refinancing

Michael Aylmer, assistant vice president of NorthMarq's Philadelphia regional office, arranged first mortgage refinancing of $1.187 million for Lafayette Townes, an 11-unit, market-rate multifamily property located at 408 West Lafayette St. Financing was based on a five-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a local bank.