Multifamily - Debt

NorthMarq Capital

NorthMarq Capital’s Rochester office arranges $2.245 million acquisition financing for Mobile Home Park in Upstate, New York

ROCHESTER (June 19, 2017) Michael James, vice president of NorthMarq Capital’s Rochester regional office, negotiated the acquisition financing of $2,245,000 for a 124-pad mobile home park property located in Upstate, New York. The borrower used Freddie Mac’s competitive loan program to acquire the property.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.