Arranged $3.5 Million Mortgage for Edgetowne Square in Coraopolis, PA
Edgetowne Square
ROCHESTER (August 20, 2013) – Scott DeVinney, vice president of NorthMarq’s Rochester regional office, arranged first mortgage refinancing of $3.5 million for Edgetowne Square, a 53,420 sq. ft., multiple –story, suburban office building located at 1005 Beaver Grade road in Coraopolis, Pennsylvania. Centria is a major tenant at the site. Financing was based on a 15-year term and a 15-year amortization schedule and was arranged for the borrower, Edgetowne Partners, through NorthMarq’s relationship with a correspondent life company lender. “This property is located in a growing office market located near Pittsburgh’s airport,” DeVinney said.
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.
