NORTHMARQ CAPITAL ARRANGES TWO LOANS TOTALING $25 MILLION

WEBSTER AND PINELLAS PARK, N.Y. — NorthMarq Capital has arranged two loans in New York totaling approximately $25 million. NorthMarq’s Upstate New York office secured approximately $18 million in first-mortgage financing for Webster Manor Apartments, a 308-unit multifamily community located in Webster. Sam Berns of NorthMarq originated the loan, which carries a 7-year term and a 30-year amortization schedule. The lender was AmeriSphere Multifamily Finance, a Fannie Mae DUS lender. Additionally, NorthMarq’s New York Metro office arranged $7 million in first-mortgage financing for a 46,817-square-foot Wal-Mart located in Pinellas Park. Craig Bjornsund of NorthMarq, along with Carl Amorosino of Estreich & Co., secured the loan, which also carries a 7-year term and a 30-year amortization schedule. The borrowers in both transactions were undisclosed.