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