NorthMarq Capital’s New York Metro office negotiates $10 million line of credit for multiple properties in New Jersey, New York and Pennsylvania
Multiple Properties
NEW YORK METRO (February 3, 2015) – Elliot Auerbacher, vice president of NorthMarq Capital’s New York metro based office arranged a $10 million, revolving line of credit for a bridge lender. The collateral includes a variety of property types located in New Jersey, New York and Pennsylvania. NorthMarq arranged financing, structured with a 3-year interest only term, for the borrower through its relationship with a national bank. “The lender spent many hours helping the borrower complete this difficult transaction,” said Auerbacher.
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.
