NorthMarq Capital’s Boston office arranges acquisition financing of $20.69 million for a Harrisburg Area Industrial Portfolio

BOSTON (May 4, 2015) – James M. Murphy, managing director of NorthMarq Capital’s Boston based regional office arranged acquisition financing of $20.69 million for an industrial portfolio containing a total of 563,688 sq.ft. and located in Harrisburg, Pennsylvania. The interest only transaction featured a competitive rate, prepayment flexibility and a fast closing. NorthMarq arranged the commercial mortgage financing for the borrower through its relationship with a correspondent life insurance company. “Industrial remains a preferred asset class for lenders and this portfolio represented an opportunity to finance a high quality portfolio of assets in a strong distribution market,” said Murphy. “Once again, Great-West Life and Annuity was able to step to the forefront in being able to provide an aggressive rate, flexible terms and a high certainty of execution with a closing in less than 40 days.”