NorthMarq Arranges $5.5 Million for Connecticut Project

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Last Updated ( 07/23/2010 16:14 )

DATE_FORMAT_LC2=Sunday,July 25 2010 07:00:00 PM

NorthMarq Arranges $5.5 Million for Connecticut Project

Danbury, Conn. — NorthMarq Capital has arranged $5.5 million in construction and permanent financing for a new student housing project in Danbury. The project will contain 36 units and will be located on a 3.5-acre site near the downtown campus of Western Connecticut State University. The loan carries a 10-year term and a 30-year amortization schedule. Ernest DesRochers of NorthMarq's New York Metro office arranged the financing on behalf of the undisclosed borrow through People's United Bank.

— Coleman Wood

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