NORTHMARQ ARRANGES $34 MILLION FOR TWO MANHATTAN TOWERS

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NEW YORK CITY — NorthMarq Capital has arranged a total of $34 million in first-mortgage financing for two Manhattan office towers. The buildings total approximately 300,000 square feet and are located at 300 E. 42nd St. and 1776 Broadway. The United Nations is the major tenant at the former property. The loan carries a 15-year term, a 25-year amortization schedule and a fixed interest rate. The lender was Sun Life of Canada. NorthMarq's Craig Bjornsund arranged the funding.

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