NORTHMARQ ARRANGES $27.25 MILLION MULTIFAMILY LOAN

PITTSBURGH — NorthMarq Capital has arranged a $27.25 million first-mortgage loan for Club at North Hills, a 372-unit multifamily property located in Pittsburgh. Terms of the financing include a 7-year term and a 30-year amortization schedule. Sam Berns of NorthMarq’s Upstate New York office arranged the financing on behalf of the undisclosed borrower through AmeriSphere Multifamily Finance. The transaction represented an additional draw down on an established Fannie Mae credit facility.