September 3, 2013

NorthMarq Capital arranged $2.5 million mortgage for Townhomes at River’s Crossing in Essex, Maryland

Townhomes at River's Crossing

Debt & Equity

Multi-Tenant

BALTIMORE (September 3, 2013) – Nancy R. Ferrell, senior vice president and managing director of NorthMarq’s Baltimore regional office, arranged first mortgage refinancing of $2.5 million for Townhomes at River’s Crossing, a 66-unit, market rate multifamily property located in Essex, Maryland. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a correspondent life company lender.

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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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