Thursday, October 10, 2013

NorthMarq Arranges $30M Refi for Buck County Portfolio

NorthMarq arranged a $30 million refinancing of a portfolio of office and industrial properties located in Buck County. High Street Equity owns the 11 buildings, which total 607,889 square feet in Langhorne and Trevose, PA. 

Financing was based on a five-year term and 25-year amortization schedule with flexible repayment options, allowable partial releases, and no additional escrows or structuring. James Murphy, managing director of NorthMarq's Boston regional office, arranged the financing through the firm's relationship with correspondent life insurance company lender AVIVA.

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