NorthMarq Capital arranged $2.5 million mortgage for Parkway Building in Hanover, Maryland
7257 Parkway Drive
BALTIMORE (May 20, 2013) – Nancy R. Ferrell, senior vice president and managing director of NorthMarq’s Baltimore regional office, arranged acquisition financing of $2.5 million for the Parkway Building, a 27,555 sq. ft. office building located at 7257 Parkway Drive in Hanover, Maryland. Financing was based on a 10-year term and a 25-year amortization schedule and was arranged for the borrower, Parkway 100 Holdings, LLC, by NorthMarq through its relationship with a correspondent life company lender.
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.
