NorthMarq Capital arranges acquisition financing of $2.02 million for mobile home community in Upstate New York
ROCHESTER (October 19, 2018) – NorthMarq Capital’s Rochester regional office, finalized $2.02 million in acquisition financing for a 134-unit mobile home community located in Upstate New York. The permanent-fixed loan was structured with a 10-year term on a 25-year amortization schedule with no prepayment penalty. NorthMarq arranged financing for the borrower through its relationship with a regional credit union.
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.
