NorthMarq Capital arranges $10. 8 million refinance for McKee Place Apartments

McKee Place Apts
PHILADELPHIA (October 15, 2013) – Ed Brown, managing director of NorthMarq’s Philadelphia regional office, arranged refinancing of $10.8 million for McKee Place Apartments, a 114 unit student housing unit located near the University of Pittsburgh. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged the financing for the borrower through its relationship with a CMBS lender.

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:

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