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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, Phil and 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.

About NorthMarq
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 www.northmarq.com
 

Contact:
Martha Nevanen
952.893.7539
martha.nevanen@marquettere.com

David Dozier
The Dozier Company
214.744.2800