BALTIMORE (September 18, 2013) – Joseph T. Burke, executive vice president and senior managing director of NorthMarq’s Baltimore regional office, arranged first mortgage refinancing of $5 million for Danville Square, an 82,000 sq. ft. neighborhood shopping center located in Dundalk, Maryland. Pep Boys, PetSmart and IHOP are major tenants at the site. Financing was arranged for the borrower, Merritt Boulevard Partnership, by NorthMarq through its relationship with a correspondent life company lender. “NorthMarq was able to secure 10-year fixed-rate financing from one of their life company correspondent lenders for this very successful and well-maintained shopping center,” Burke said.
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