Multifamily
Debt & Equity

NorthMarq Capital’s Washington, D.C. office arranges $53 million permanent loan for Residences at Pomona Park in Pikesville, Maryland

WASHINGTON, D.C. (April 21, 2015) – Gary McGlynn, senior vice president/co-managing director of NorthMarq Capital’s Washington, D.C. office and Joseph Burke, executive vice president/managing director of NorthMarq Capital’s Baltimore office arranged permanent financing of $53 million for Residences at Pomona Park, a 438-unit multifamily property located at 1 Pomona North in Baltimore County, Maryland. The transaction was structured with long term financing. This class “A” apartment community is located in the established neighborhood of Pikesville.

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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Residences at Pomona Park
Debt
$53,000,000