Baltimore Industrial Portfolio
Loan: $129,000,000 Size: 2,417,832 SF
Joseph Burke, SVP/Senior Managing Director of NorthMarq’s Baltimore office arranged a $129,000,000 permanent-fixed loan for a portfolio of industrial properties (office warehouse) located in the Baltimore, Maryland MSA. NorthMarq arranged financing for the borrower through its relationship with a life insurance company. READ MORE #THETOPFINANCIALDEAL #NorthMarq
FORT LEE, RED BANK & EDISON, NJ — Gary Cohen, senior VP/managing dir. of NorthMarq’s NJ office arranged financing for three properties totaling a combined $59.85 million. The properties are located in Fort Lee, Red Bank and Edison.
Mediterranean House: NorthMarq arranged a $25 million refinance for Mediterranean House, located at 505 North Ave. in Fort Lee. The property is a 19-story building containing 306 apartments.
The property is subject to a long term HAP contrac
RICHMOND, VA — Mike Lowry secured the $8.968 million construction loan for Turner Road Business Center. The property is located at 219 Turner Rd. in Richmond.
- 2-year construction (5-year permanent) term with 2-years interest-only payments followed by a 25-year amortization schedule.
- NorthMarq arranged financing for the borrower through its relationship with a regional bank.
- The four building industrial property contains a combi
NEWARK, NJ — Charles Cotsalas, senior vice president of NorthMarq’s Long Island office arranged the $8 million financing of an office property located at 31 Clinton St. in Newark.
- 15-year, self-liquidating fixed rate loan at 3.72%
- Non-recourse (entity only)
- NorthMarq arranged the financing for the borrower through its relationship with one its Correspondent Life Insurance Companies
- John McDonagh, principal at Clatter Realty, acted as the mort
NUTLEY, NJ — Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains-based regional office arranged the $16 million refinance of Village Manor, a 227-unit multifamily property located on Adams St. in Nutley, New Jersey. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac.
The garden-style complex featuring one and two bedroom
Camelot at Cinnaminson Loan: $38 million Institution: Borrower/Kaplan Companies
Financier: Life Insurance Company
Location: Cinnaminson, NJ
Gary Cohen, managing director and Marc Nevins, investment analyst at NorthMarq’s NJ regional office, arranged the $38 million refinance of Camelot at Cinnaminson, a 405-unit multifamily property located at 198 Camelot Court in Cinnaminson, NJ. The permanent fixed rate loan was structured with a fully amortizing 30-year term. NorthMarq a
RICHMOND, VA — Mike Lowry, senior vice president of NorthMarq Capital’s Richmond-based regional office, arranged the $4.165 million refinance of Emporia Marketplace, a 79,370 s/f retail space located in 200 Market Dr., Emporia, VA. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. Food Lion, Peebles and Family Dollar represent the property’s major ten
FRANKLIN, MA — Greg Nalbandian, managing director of NorthMarq Capital’s New Jersey-based regional office, and Doug Nickerson, vice president of NorthMarq Capital’s Boston-based regional office, collaborated to arrange the $50 million refinance of Franklin Village, a 303,096 s/f, grocery anchored, mixed-use property located at 250 Franklin Village Dr. in Franklin, Massachusetts. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq ar
Paramus, NEW JERSEY — Gregory Nalbandian, managing director of NorthMarq Capital’s New Jersey based regional office arranged $49.4 million of floating-rate financing for a 244,000 s/f retail portfolio, comprised of four properties on Rte. 17 in Paramus. Working for Advance Realty, the financing was placed with Natixis Real Estate Capital. Proceeds from the financing provided for both the acquisition of the assets and a future funding facility for re-tenanting and redevelopmen