NorthMarq Capital, a Minneapolis-based commercial mortgage banking firm, has purchased New England Realty Resources (NERR), a Boston-based firm specializing in the origination and servicing of commercial mortgage investments.
Terms of the acquisition were not made public. NERR founder Jim Murphy has been named managing director of NorthMarq and will continue working out of his Boston office.
‘We've been looking for a partnership to help us grow our business in Boston,’ says Ed Padlilla, CEO of NorthMarq.
