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