NORTHMARQ CAPITAL ARRANGES $1.3M MORTGAGE FOR DAYCARE CENTER IN BROOKLYN

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NEW YORK CITY — NorthMarq Capital has arranged a $1.3 million mortgage refinancing for a 6,000-square-foot daycare center, located 2813 Farragut Road in Brooklyn. Bumble Bees R Us, an early childhood education facility, occupies the building. NorthMarq placed the 10-year, fixed-rate loan through a life insurance company. The loan has a 25-year amortization schedule.

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