NORTHMARQ ARRANGES $7.2 MILLION FOR TWO N.J. APARTMENT COMPLEXES

SOMERSET COUNTY, N.J. — NorthMarq Capital has arranged a total of $7.2 million in Fannie Mae financing for two Somerset County multifamily communities. The two properties contain a total of 137 units. The loans carry a 10-year term and a fixed interest rate. Jim Poole of NorthMarq's New Jersey office secured the funds on behalf of the undisclosed borrower through AmeriSphere Multifamily Finance.