October 15, 2013

NorthMarq Capital arranges $2 million acquisition for Public Welfare Building in Easton, Pennsylvania

Public Welfare Building

Debt & Equity

Multi-Tenant

PHILADELPHIA (October 15, 2013) – Philip E. Deeter, managing director of NorthMarq’s Philadelphia regional office, arranged acquisition financing of $2 million for the Public Welfare Building in Easton, Pennsylvania. This single tenant office building contains 21,800 sq. ft. with financing based on a 10-year term and a 25-year amortization schedule. NorthMarq arranged the financing for the borrower through its relationship with a regional credit union.

Available Office properties

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.