Senior Housing - Debt

NorthMarq Capital arranges $9 million refinancing for Alexandria Manor Assisted Living Facility in Nazareth, Pennsylvania

PHILADELPHIA (November 13, 2013) – Ed Brown, Managing Director of NorthMarq’s Philadelphia regional office, arranged a $9 million dollar refinance for the Alexandria Manor Assisted Living Facility, located at 7 South New Street, Nazareth, Pennsylvania. The 93-bed senior housing property was structured with a 5-year term and a 25-year amortization schedule. NorthMarq arranged the financing for the borrower through its relationship with a regional bank.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.