News Release 2/ 3/ 2015

NorthMarq Capital to acquire AmeriSphere Multifamily Finance

MINNEAPOLIS (February 3, 2015) NorthMarq Capital has signed a purchase agreement to acquire 60 percent of AmeriSphere Multifamily Finance, a Fannie Mae DUS and FHA MAP lender from founding partner Rodrigo Lopez and the investment firm McCarthy Capital. NorthMarq Capital previously owned a 40-percent stake in AmeriSphere, but will now operate it as a wholly-owned subsidiary. The acquisition is expected to close in 30-60 days pending agency and regulatory approvals. AmeriSphere will be then known as NorthMarq. Terms of the acquisition will not be disclosed.

NorthMarq will continue to operate as an originator of multifamily loans for Fannie Mae under their DUS program and for FHA, including all underwriting, closing and asset management functions. No employee reductions or changes are anticipated except at the CEO/president level. The acquisition will allow for enhanced integration of operational support with NorthMarq and its platform of 35 production offices across the country.

“Since we already had a strong partnership with AmeriSphere, this opportunity can only strengthen our platform and make our production experts more valuable to borrowers looking for multifamily acquisition financing or refinancing,” said Eduardo “Ed” Padilla, CEO-NorthMarq Capital.

Lopez will remain with the firm following acquisition as executive chairman. Jay Donaldson, who has been serving as AmeriSphere’s chief operating officer, will become president and Scott Suttle will remain in the role of executive vice president and national production director. Both will report to Padilla.

“NorthMarq’s acquisition is the logical culmination of a very successful decade-long relationship. Because of NorthMarq’s outstanding loan producers and excellent borrower clients, the AmeriSphere team will continue growing the best performing portfolio in our industry,” said Lopez.

NorthMarq will continue operations out of AmeriSphere’s existing regional offices in Washington DC, Dallas, Denver and Omaha.

About AmeriSphere Multifamily Finance
AmeriSphere, which was founded in 2000, originated $800 million of multifamily loans for the Fannie Mae DUS program and $125 million of FHA loans in 2014. With more than 50 employees in Washington DC, Dallas, Denver and Omaha, the company services a portfolio of DUS and FHA loans totaling $5.5 billion (550 loans).

About NorthMarq Capital
NorthMarq Capital provides commercial real estate mortgage banking and commercial loan servicing in 35 offices coast-to-coast. With more than $13 billion in annual production volume and servicing a loan portfolio of more than $45 billion, the company offers a variety of finance solutions in both debt and equity. The company has a long track record of multifamily financing with Fannie Mae and Freddie Mac. In addition, NorthMarq has long loan production and loan servicing relationships with more than 50 life companies, many CMBS platforms and hundreds of local, regional and national banks. For more information, please visit northmarqcap.wpengine.com.

About McCarthy Capital
McCarthy, headquartered in Omaha, is focused exclusively on lower middle-market companies. For more than 25 years, the McCarthy organization has been partnering with founders, families and exceptional management teams to support the growth of their companies. For more information about McCarthy, please visit www.mccarthycapital.com.

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