Northmarq’s Philadelphia Debt + Equity team successfully secures $4.8M refinance for mixed-use property
1701-07 South 4th Street
Northmarq’s Philadelphia Debt + Equity team led by John Banas and Kris Wood arranged $4.8 million in permanent financing for 1701-07 South 4th Street in Philadelphia, Pennsylvania on behalf of their client.
The newly stabilized multifamily property includes 24 residential units and 644 square feet of commercial space.
“This marks a full-circle moment for our team, having also arranged the original construction financing for the project,” said Banas. “We’re proud to support our client from the ground up through stabilization of this well-positioned asset.”
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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.
