NORTHMARQ ARRANGES $27.7M LOAN FOR INDUSTRIAL PORTFOLIO

by admin

ALLENDALE, N.J. — NorthMarq Capital has arranged $27.7 million in first mortgage refinancing for a flex portfolio in Allendale, located about 25 miles north of Newark. The properties total 368,556 square feet and are located at 1, 2, 3, 5, 6 & 7 Pearl Court and 59 Route 17. James Murphy, managing director at NorthMarq’s Boston regional office, arranged the five-year loan, which includes a 25-year amortization schedule. High Street Equity was the borrower, and a life insurance company provided the loan.

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