NorthMarq Capital's Boston office arranged $7.45 million mortgage for industrial portfolio in Somerset, NJ

Somerset Industrial Portfolio
BOSTON (July 24, 2013) – James M. Murphy, managing director of NorthMarq’s Boston regional office, arranged first mortgage refinancing of $7.45 million for an industrial portfolio in Somerset, New Jersey. The properties are located at 400 & 500 Apgar Drive and contain a total of 170,459 sq. ft. of industrial space. Financing was based on a 5-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower, High Street Equity, through its relationship with a correspondent life company lender. “This financing has a flexible prepayment structure and allowable partial releases,” Murphy said. “This is another example of High Street’s ownership of quality real estate combined with low leverage being attractive to the lender.”

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:

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