NorthMarq Capital secures permanent financing of $33.75 million for acquisition of Class A office portfolio located in Upstate New York
ROCHESTER (September 26, 2018) – Derek Carroll, senior vice president/senior director of NorthMarq Capital’s Rochester regional office, arranged acquisition financing of $33.75 million for a Class A office portfolio consisting of a combined 331,214 sq. ft. and located in Upstate New York. NorthMarq arranged financing for the borrower through its relationship with a regional bank.
“We were able to provide the borrower with multiple options and structures. Together we selected the option that best fit the borrower’s business plan,” said Carroll
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.
