Multifamily - Debt

NorthMarq Capital arranged $1.187 million mortgage for Lafayette Townes in West Chester, Pennsylvania

PHILADELPHIA (April 8, 2013) – Michael Aylmer, assistant vice president of NorthMarq’s Philadelphia regional office, arranged first mortgage refinancing of $1.187 million for Lafayette Townes, an 11-unit, market-rate multifamily property located at 408 West Lafayette Street in West Chester, Pennsylvania. Financing was based on a 5-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a local bank.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.