Northmarq’s Philadelphia Debt + Equity team arranges $9M financing for 1309 Cambridge Street in Philadelphia, PA
1309 Cambridge
Northmarq’s Philadelphia Debt + Equity team led by John Banas and Kris Wood successfully arranged $9 million in financing for 1309 Cambridge Street located in Philadelphia, Pennsylvania, on behalf of their client, Fairhill Property Company.
1309 Cambridge Street is a multifamily housing property featuring 46 units.
“This is the first opportunity with a new client and the second financing opportunity on a property successfully reaching stabilization that we have closed with the same lender,” Banas said. “It’s a great product, and we are looking forward to more.”
Meet our team
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
