12A — May 15 - 28, 2020 — Multifamily Development — M id A tlantic Real Estate Journal


M ultifamily D evelopment

AGERSTOWN, MD — Joe Burke , ex- ecutive vice president/ Burke &Bowman leverage their in-house Fannie Mae team to deliver a successful execution NorthMarq arranges $8.47 million refinancing of Hunter Hill Apartments in Hagerstown, MD H

tion schedule. NorthMarq arranged financing or the borrower through its in-house Fannie Mae team. “Ou r i n -

senior man- aging direc- t o r , a n d Brett Bow- man , vice p r e s i den t of North- Marq ’s Bal- timore office finalized the

house Fan - n i e M a e team worked d i l i g e n t l y to ensure a s u c c e s s f u l e x e c u t i o n

Joe Burke

Brett Bowman

despite the uncertainty of the current market. Together, we were able to achieve the bor - rower's goal of securing long term financing with an attrac - tive interest rate," said Burke.

$8.47 million refinancing of Hunter Hill Apartments. The 105-unit property is located in Hagerstown. The transaction was structured with a 15-year term on a 30-year amortiza -

Hunter Hill Apartments

Bertini joins The Watermark at Brooklyn Heights luxury senior community as exec. director BROOKLYN , NY — Rocco Bertini, CDAL , has joined The Watermark at As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, invest - ment sales, and loan servic- ing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing port- folio of more than $61 billion and the multi-year tenure of our more than 600 people. 

Markets we serve: Commercial Industrial Residential

Electrical Contractors State, Municipal & Government Hospital & Institutions Property Management & Hospitality Products we offer: Wire, Pipe, Fittings & Wiring Devices Switchgear, Panelboards, Motor Controls & Motors Lighting & replacement Lamps LED Retrofits, Fixtures and other Energy Efficient Products Sub-Metering Equipment Meters, Tools & Ladders Safety Devices & Equipment Fire Alarms, Smoke Detectors & Burglar Alarms Generators Services we offer: On time Deliveries to meet customer requirements 24/7 Emergency Response Inventory Management Project quotes Lighting & Energy Audits Customer Training

Brooklyn H e i g h t s , a 275-unit luxury se- nior living r e s i d e n c e at 21 Clark St., opening i n Sp r i ng 2020, as ex-

455 Third Street Jersey City, NJ 07302 Ph: 201-653-1613 Fx: 201-653-5470 Bob Kilroy bkilroy@Jewelelectric.com

© Ola Wilk/Wilk Marketing

ecutive director. The Brook - lyn Heights location is one of four in Watermark’s Élan Collection lifestyle brand of premier properties offering personal service with grand scale amenities. The $330 millionWatermark at Brook- lyn Heights is currently un - dergoing a renovation and conversion from a beloved historic Brooklyn hotel into the borough’s first luxury senior community.  Rocco Bertini

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