NorthMarq Capital arranged $5 million mortgage for Danville Square in Dundalk, Maryland
Danville Square
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.
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.
