Northmarq’s Philadelphia Debt + Equity team arranges $4.725M construction financing for mixed-use property
Northmarq’s Philadelphia Debt + Equity team led by John Banas and Kris Wood successfully arranged $4.725 million in construction financing for 3401 Hamilton Street located in Philadelphia, Pennsylvania, on behalf of their client, Grit Drexel.
3401 Hamilton is a mixed-use property featuring 15 multifamily units and 1,965 square feet of commercial space.
"It is always a pleasure working with Frank, Sean and the team at Grit Drexel,” Banas said. “This will be a great asset for the University City community.”
Meet our team
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.
