NORTHMARQ ARRANGES $2.5M MORTGAGE FOR BROOKLYN PROPERTY

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NEW YORK CITY — NorthMarq Capital has arranged $2.5 million in first mortgage financing for a 38,998-square-foot, mixed-use property, located at 225 47th St. in New York City's Brooklyn neighborhood. Craig Bjornsund of NorthMarq's New York office arranged the financing with a 25-year term and a 25-year amortization schedule through StanCorp Mortgage Investors on behalf of the borrower, 225 47th Street Property, LLC. Pergolis Swartz Associates originated the loan.

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