Multifamily
Debt & Equity

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, 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.

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Lafayette Townes
Debt
$1,187,000