NorthMarq Capital arranges $9 million refinancing for Alexandria Manor Assisted Living Facility in Nazareth, Pennsylvania
Alexandria Manor Assisted Living
PHILADELPHIA (November 13, 2013) – Ed Brown, Managing Director of NorthMarq’s Philadelphia regional office, arranged a $9 million dollar refinance for the Alexandria Manor Assisted Living Facility, located at 7 South New Street, Nazareth, Pennsylvania. The 93-bed senior housing property was structured with a 5-year term and a 25-year amortization schedule. NorthMarq arranged the financing for the borrower through its relationship with a regional bank.
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.
