Northmarq’s Philadelphia Debt + Equity team arranges $9M financing for 1309 Cambridge Street in Philadelphia, PA
Northmarq’s Philadelphia Debt + Equity team led by John Banas and Kris Wood successfully arranged $9 million in financing for 1309 Cambridge Street located in Philadelphia, Pennsylvania, on behalf of their client, Fairhill Property Company.
1309 Cambridge Street is a multifamily housing property featuring 46 units.
“This is the first opportunity with a new client and the second financing opportunity on a property successfully reaching stabilization that we have closed with the same lender,” Banas said. “It’s a great product, and we are looking forward to more.”
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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.