$6.5m mortgage okayed.

Ernest DesRochers, senior vice president, and Deanna Polizzo, vice president, of NorthMarq Capital's New York Metro office, arranged $6.5 million in first mortgage financing for 266 Harristown Road, a 60,500 s/f office building in Glen Rock, New Jersey.

Major tenants in the building include the US Census Bureau and Cambridge Management Group.

Financing was based on a 5-year term with a 25-year amortization schedule and was arranged for the borrower, Glen Rock Property, LLC, by NorthMarq through its relationship with People's United Bank.

Polizzo stated, "The subject property is a well-located office building that, due to the expertise of the borrower, has been repositioned to outperform the market for years to come. The lender closed the deal as applied for in the current difficult capital environment."