NorthMarq Capital’s New Jersey office arranges two financings totaling $6.25 million

Two Properties
New Jersey (April 21 2014) Gary Cohen, senior vice president and senior director of NorthMarq Capital’s New Jersey regional office arranged financing for two transactions, The Hampshire Self Storage Portfolio and two multifamily properties located at 929 Willow Avenue and 208 Bloomfield Avenue, totaling $6.25 million. The Hampshire Self Storage Portfolio contains two facilities located in Cherry Hill and Burlington, New Jersey with a combined total of 109,995 sq.ft. The $3.5 million financing was structured with a 5-year term and 25-year amortization schedule with 4.00% interest. Working exclusively for the Hampshire Companies, NorthMarq arranged this financing through its relationship with a local bank. “The properties were acquired by Hampshire a few years ago and were unencumbered,” said Cohen. “We structured a 5-year loan with favorable terms which will provide flexibility.” 929 Willow Avenue/206 Bloomfield Avenue are the locations of two multifamily locations in Hoboken, N.J. The $2.75 million finance was structured with a 12-year term and 30-year amortization schedule. Cohen worked exclusively with the borrower to finance this loan through a local bank. “Each building has been owned by the principals for a long time and had no debt,” said Cohen. “They financed the assets and used all of the proceeds for a new development deal in Hoboken.”

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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