10B — March 2025 — Best of 2024 — M id A tlantic Real Estate Journal
www.marej.com
The TOP MORTGAGE BROKERS of 2024
JLL
Cushman & Wakefield
Northmarq
Michael Klein
Jim Cadranell
Kris Wood
Thomas Didio
Jon Mikula
John Alascio
Gregory Nalbandian
Thomas E. Didio Jr.
John Banas
Max Custer
Gerard Quinn
The TOP REAL ESTATE INVESTMENT FIRM of 2024 Northmarq CityLine East & West Apartments Jersey City, NJ JLAM Olde Town Lewes Lewes, DE
Institution: The PRC Group Northmarq’s John Banas and Kris Wood arranged financing for the CityLine East and West multifamily housing properties on behalf of their client, The PRC Group. Northmarq secured a fixed rate senior loan along with a fixed rate mezzanine loan (full-term interest-only) for the properties. Both loans are three-year terms, with the senior loan having one year of interest only and then moving to a 30-year amortization. “The financing for CityLine East and West was all about relationships. The relationship between PRC, our Northmarq team and both lenders led to a great transaction,” said Banas.
Olde Town Lewes is an 85-lot custom home community in Lewes, DE, designed to blend seamlessly with the site’s natural features, including woodlands and a 16-acre pond. With a focus on creating a community with character, we established rigorous design guidelines to ensure every home aligned with our elevated vision. The development features high-end amenities, including a custom pool, pool house, cabana, and outdoor game area, offering residents a premier living experience in an unmatched location. Our no-builder tie-in strategy resulted in a sellout in 2024, showcasing JLAM’s commitment to quality, strategic execution, and distinctive community development.
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