NorthMarq Capital arranged $2.462 million mortgage for Advance Auto Portfolio
Advance Auto Portfolio
PHILADELPHIA (May 15, 2013) – Michael Aylmer, assistant vice president of NorthMarq’s Philadelphia regional office, arranged acquisition financing of $2.462 million for an Advance Auto Portfolio. The portfolio consists of three single-tenant properties occupied by Advance Auto with each consisting of 7,000 sq. ft. of rentable space. The properties are located in Bridgeton and Gloucester, New Jersey and Manchester, New Hampshire. The financing has a fixed interest rate over a 13-year term. NorthMarq arranged this financing for the borrower through its relationship with one of its correspondent life company lenders.
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.
