NorthMarq Capital arranges $3.76 million refinance for 2 Dedrick Place in West Caldwell, New Jersey
2 Dedrick Place
PARSIPPANY (Feb. 17, 2014) – Gary Cohen, senior vice president/senior director of NorthMarq Capital’s New Jersey office arranged refinancing worth $3,763,279 for 2 Dedrick Place, located in West Caldwell, New Jersey. Terms for the 77,720 sq.ft. single tenant industrial building featured a 7-year loan based on a 25-year amortization schedule. NorthMarq financed the loan through its correspondent, Unum Life Insurance Company. “Unum provided an attractive seven year refinancing with a flexible prepayment structure in order to retain this quality loan in their portfolio,” said Cohen.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
