NorthMarq Capital Expands With New Office

Commercial mortgage company NorthMarq Capital is opening a new office in San Diego in addition to hiring two industry veterans to operate as co-managing directors. Martin Meagher and Gardiner Champlin have agreed to terms with the Minneapolis-based company and will focus on multifamily originations with Freddie Mac and Fannie Mae through NorthMarq affiliate AmeriSphere Multifamily Finance.

‘This is the time when NorthMarq can offer the kind of stability unavailable from a company that has taken on too much debt or whose capabilities are restricted by the public market," says the company's CEO, Ed Padilla. "While the marketplace has changed dramatically since the record years of 2005 to 2007, we were profitable in 2008 and expect to be profitable in 2009 as well."

SOURCE: NorthMarq


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