NorthMarq Capital arranged $2.5 million mortgage for Parkway Building in Hanover, Maryland
7257 Parkway Drive
BALTIMORE (May 20, 2013) – Nancy R. Ferrell, senior vice president and managing director of NorthMarq’s Baltimore regional office, arranged acquisition financing of $2.5 million for the Parkway Building, a 27,555 sq. ft. office building located at 7257 Parkway Drive in Hanover, Maryland. Financing was based on a 10-year term and a 25-year amortization schedule and was arranged for the borrower, Parkway 100 Holdings, LLC, by NorthMarq through its relationship with a correspondent life company lender.
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.
