(To read more on the debt and equity markets, click here.)

FAIRFIELD, NJ-GRE Greenbrook LLC, which recently acquired the201,305-sf Greenbrook Executive Center here from an investmentgroup, has obtained $32.4 million of senior and joint ventureequity funding to finance that acquisition. The funding wasarranged by Gregory Nalbandian, vice president, and James Poole,co-managing director of the Parsippany office of NorthMarqCapital.

The financing consists of a first mortgage of $21.3 million andjoint venture equity of $11.1 million. The senior financingconsists of a 10-year term with a call option at the end of fiveyears and a five-year interest-only period. NorthMarq arranged thefunding through its relationship with Allianz Life Insurance Co. ofNorth America.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.