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.
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.
