NorthMarq announces $9.4 million in financing

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NorthMarq  Capital announced $9.4 million in financing for Laurel Court at Quail Park, a 40-unit memory care community.

The new building will be in Visalia, CA, and operated by Living Care Lifestyles. The transaction is a cash-out refinance for the borrower through a relationship with a life insurance company.

NorthMarq is the largest privately held commercial real estate financial intermediary in the U.S.