Brown of NorthMarq arranges $9 million refinance of 93-bed living facility

Ed Brown, managing director of NorthMarq's Philadelphia regional office, arranged a $9 million refinance for the Alexandria Manor Assisted Living Facility, located at 7 South New St. The 93-bed senior housing property was structured with a five-year term and a 25-year amortization schedule. NorthMarq arranged the financing for the borrower through its relationship with a regional bank.