NORTHMARQ ARRANGES $7.5M MORTGAGE FOR HOME DEPOT IN FREDERICK

FREDERICK, MD. — NorthMarq Capital has arranged $7.5 million in first mortgage financing for the 130,000-square-foot The Home Depot, located on West Patrick Street in Frederick. Deanna Polizzo and Ernest DesRochers of NorthMarq's New York City office arranged the financing with a 20-year term and a 20-year amortization schedule through ING Investment Management on behalf of the borrower, Golden Mile Real Estate. The Home Depot anchors the 602,000-square-foot Frederick Towne Mall, along with Boscov's Department Store and Hoyt Cinema.