Northmarq’s Baltimore office arranges $5.4 million refinance of office/retail property in Sparks, Maryland
Sparks Village Center
BALTIMORE, MARYLAND (February 3, 2022) – Joseph Burke, executive vice president/regional managing director and Tim Greisman, senior vice president, in Northmarq’s Baltimore-based regional office, secured the $5.4 million refinance of Sparks Village Center for Obrecht Properties. The 2-story/44,830 sq. ft. office/retail complex was built in 2005 and is located at 10 Fila Way in Sparks, Maryland. The transaction was structured on a long-term fixed rate mortgage with Northmarq negotiating the loan for the borrower through its correspondent relationship with a life insurance company.
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.
