Philadelphia-based commercial real-estate company NorthMarq Capital announced Tuesday it has arranged financing of two transactions, including properties in Cherry Hill, Burlington and Hoboken, totaling $6.25 million.
According to the announcement, Gary Cohen, senior vice president and senior director of NorthMarq's New Jersey regional office, financed the sales of the Hampshire Self Storage Portfolio and two Hoboken-based multifamily properties.
The Hampshire property contains two facilities located in Cherry Hill and Burlington with a combined total of 109,995 square-feet. The $3.5 million financing was structured with a 5-year term and 25-year amortization schedule with 4.00 percent interest. The multifamily properties located at 929 Willow Ave., and 208 Bloomfield Ave., sold for $2.75 million and were structured with a 12-year term and 30-year amortization schedule, the company said in a statement.
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