NORTHMARQ ARRANGES $10.8M LOAN FOR MCKEE PLACE APARTMENTS

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PITTSBURGH — NorthMarq Capital has arranged a $10.8 million loan for the refinancing of McKee Place Apartments, a 114-unit student housing community located near the University of Pittsburgh. Financing was based on a 10-year term and a 30-year amortization schedule. Ed Brown, managing director at NorthMarq’s Philadelphia regional office, arranged the financing for the borrower through its relationship with a CMBS lender.

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