NORTHMARQ ARRANGES $11.9M MORTGAGE FOR BANK PORTFOLIO

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PARSIPPANY, N.J. — Greg Nalbandian of NorthMarq Capital's Parsippany office has arranged $11.9 million for the first mortgage refinancing of the RBS Citizens Bank portfolio. The portfolio includes 16 RBS Citizens Banks branches in New York, Connecticut, Pennsylvania and Delaware. A regional bank provided the 5-year loan, which has a 40-year amortization schedule. The borrower was an undisclosed REIT.

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