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.

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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