WAYNE, NJ-Martin Klebanoff, senior vice president and managing director in the New Jersey regional office of NorthMarq Capital Inc., has arranged a first mortgage financing package of $10 million on the land underlying the Wayne Towne Centre here. The package, structured on the basis of a ground lease, was arranged for the borrower, a locally based family trust.

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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