February 17, 2014

NorthMarq Capital arranges $3.76 million refinance for 2 Dedrick Place in West Caldwell, New Jersey

2 Dedrick Place

Debt & Equity

Multi-Tenant

PARSIPPANY (Feb. 17, 2014) – Gary Cohen, senior vice president/senior director of NorthMarq Capital’s New Jersey office arranged refinancing worth $3,763,279 for 2 Dedrick Place, located in West Caldwell, New Jersey. Terms for the 77,720 sq.ft. single tenant industrial building featured a 7-year loan based on a 25-year amortization schedule. NorthMarq financed the loan through its correspondent, Unum Life Insurance Company. “Unum provided an attractive seven year refinancing with a flexible prepayment structure in order to retain this quality loan in their portfolio,” said Cohen.

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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