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