NorthMarq Capital arranged $2.462 million mortgage for Advance Auto Portfolio
Advance Auto Portfolio
PHILADELPHIA (May 15, 2013) – Michael Aylmer, assistant vice president of NorthMarq’s Philadelphia regional office, arranged acquisition financing of $2.462 million for an Advance Auto Portfolio. The portfolio consists of three single-tenant properties occupied by Advance Auto with each consisting of 7,000 sq. ft. of rentable space. The properties are located in Bridgeton and Gloucester, New Jersey and Manchester, New Hampshire. The financing has a fixed interest rate over a 13-year term. NorthMarq arranged this financing for the borrower through its relationship with one of its correspondent life company lenders.
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.
