NorthMarq Capital secures permanent financing of $33.75 million for acquisition of Class A office portfolio located in Upstate New York
Class A Office Portfolio
ROCHESTER (September 26, 2018) – Derek Carroll, senior vice president/senior director of NorthMarq Capital’s Rochester regional office, arranged acquisition financing of $33.75 million for a Class A office portfolio consisting of a combined 331,214 sq. ft. and located in Upstate New York. NorthMarq arranged financing for the borrower through its relationship with a regional bank.
“We were able to provide the borrower with multiple options and structures. Together we selected the option that best fit the borrower’s business plan,” said Carroll
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.