NorthMarq Adds Production Team in Philadelphia
Office grows to six mortgage banking experts
MINNEAPOLIS (July 12, 2012) — Minneapolis-based NorthMarq Capital,
LLC., one of the nation’s largest commercial real estate mortgage banking
firms, has hired two well-known mortgage bankers to join its Philadelphia
Regional Production office.
Ed Brown and
Philip E. Deeter, co-founders and principals of Devon Realty Capital
(DRC), which was the Philadelphia office of Q10 Capital, join NorthMarq
after more than 30 years of mortgage banking experience in the Philadelphia
market. With DRC, they originated in excess of $1 billion dollars of
commercial real estate loans since 2005.
“With the NorthMarq platform of strong support in servicing and lender
relationships, we are confident that they will help our Philadelphia office
become one of the top production teams in the region,” said
William Ross, president, NorthMarq. Ross oversees the eastern half of
the U.S. from his office in Dallas.
“We’re excited that this strong team will bring their track record of
success and strong relationships to the NorthMarq team,” said
Tim O’Connor, executive vice president/East Region Director.
This is the second addition of production staff to the NorthMarq platform
from Q10, following the acquisition of the Q10 Boston office in January
2012. NorthMarq currently has 33 offices across the U.S.
Caroline Bruckner Madden, senior analyst, also joins NorthMarq from DRC.
She has more than 15 years of mortgage banking experience and is a certified
appraiser. All three production professionals join the existing NorthMarq
Philadelphia team, which now includes four producers and three analysts. Ed,
Joe Sweeney will be managing directors of the office.
“The NorthMarq name and platform is one of the strongest in the country
and we look forward to joining this growing organization,” said Brown.
Since 2011, the team has completed a number of noteworthy commercial
loans, including Oxford Valley Plaza, a regional power center in
Philadelphia suburbs for $60 million and a garden apartment community in
Bethlehem, Penn., for $23 million.
NorthMarq Capital, the largest privately held commercial real
estate financial intermediary in the U.S, provides mortgage banking and
commercial loan servicing in 33 offices across the U.S. With an average of
$10 billion in annual production volume and servicing a loan portfolio in
excess of nearly $40 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 Plus™ 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
The Dozier Company