Northmarq’s Baltimore office arranges $5.4 million refinance of office/retail property in Sparks, Maryland
BALTIMORE, MARYLAND (February 3, 2022) – Joseph Burke, executive vice president/regional managing director and Tim Greisman, senior vice president, in Northmarq’s Baltimore-based regional office, secured the $5.4 million refinance of Sparks Village Center for Obrecht Properties. The 2-story/44,830 sq. ft. office/retail complex was built in 2005 and is located at 10 Fila Way in Sparks, Maryland. The transaction was structured on a long-term fixed rate mortgage with Northmarq negotiating the loan for the borrower through its correspondent relationship with a life insurance company.
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.
