The funding came from one of NorthMarq's regular lending sources, which was not identified. Further terms of the financing were similarly not disclosed.
"The low loan-to-value ratio and the high quality of the borrower combined to bring this unusual and creative financing together," according to Klebanoff. NorthMarq Capital Inc., based in Minneapolis, has a total of 28 regional offices. Its New Jersey offices are located in Parsippany.
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