Retail (MT)
Debt & Equity

NorthMarq Capital arranges $3.012 million acquisition financing for Dunmore Shopping Center

PHILADELPHIA (November 18, 2013) – Philip E. Deeter, Managing Director of NorthMarq’s Philadelphia regional office, arranged $3,012,000 in acquisition financing for Dunmore Shopping Center, located at 1010 O’Neill Highway, Dunmore, Pennsylvania. The 101,080 sq. ft. unanchored shopping center was financed with a 5-year term and a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional credit union. The property is located in a tertiary market and Big Lots, a national closeout retail chain, is a major tenant at the center.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

105a9b94-0ab9-4545-baa8-e878aa691a44
Dunmore Shopping Center
Debt
$3,012,000