NorthMarq Capital arranged $2.5 million mortgage for Townhomes at River’s Crossing in Essex, Maryland
Townhomes at River's Crossing
BALTIMORE (September 3, 2013) – Nancy R. Ferrell, senior vice president and managing director of NorthMarq’s Baltimore regional office, arranged first mortgage refinancing of $2.5 million for Townhomes at River’s Crossing, a 66-unit, market rate multifamily property located in Essex, Maryland. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a correspondent life company lender.
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.
