NorthMarq Capital recently arranged a loan of $14.6 million for the Birchwood Office Park located at 25 Birch St. (buildings A, B and C), as well as building D located at 37 Birch St. The three, two-story buildings situated at 25 Birch St. total 114,944 s/f, while the 37 Birch St. two-story building consists of 46,800 s/f.
Steve Bye, executive vice president and senior managing director; and Dan Luchessi, investment analyst, arranged the financing for the borrower, Birchwood Fortune SPVEF LLC, a venture between Hall-Royce, LLC and Strategic Capital Partners.
NorthMarq provides mortgage banking and commercial loan servicing in 33 offices across the U.S. With an average of $8 billion in annual production volume and servicing a loan portfolio of nearly $40 billion.
The company has a long track record of multi-family financing as a Freddie Mac Program Plus Seller-Servicer, and through its affiliation with Fannie Mae DUS lender, AmeriSphere Multifamily Finance.