Healthcare: James of NorthMarq Capital arranges $4.5 million mortgage for Watertown Medical Building

Watertown, NY Michael James, vice president of NorthMarq Capital’s (NorthMarq) Upstate New York Regional, arranged first mortgage financing of $4.5 million for Watertown Medical Building, a 47,500 s/f medical office building located at 826 Washington St.

Financing was arranged for the borrower by NorthMarq through its correspondent relationship with Sun Life Assurance Company of Canada. James said, “Sun Life and the borrower continued a long-standing relationship with the funding of this loan.”

NorthMarq, headquartered in Minneapolis, offers commercial real estate services for investors, developers, corporations and tenants. The company provides mortgage banking and commercial loan servicing in 32 offices coast-to-coast, with an average of $7 billion in annual production volume and services a loan portfolio of nearly $40 billion.

NorthMarq manages more than 60 million s/f of retail, industrial and office space in 22 markets around the country and handles more than 7,500 leasing, sales and mortgage banking transactions annually.

[nyrej.com]

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