NorthMarq completes $800,000 refinance of senior housing in Mount Vernon, New York
WHITE PLAINS, NEW YORK (December 18, 2019) – Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains-based regional office arranged the $800,000 refinance of Canterbury Commons. The 20-unit senior housing property is located on South Columbus Avenue in Mount Vernon, New York.
“The property owner was able to realize his long term equity in the property with a cash-out by a local bank with an excellent lending reputation,” said Ranieri.
Financing Details:
- 7-year term
- 30-year amortization schedule
- NorthMarq arranged financing for the borrower through its relationship with The Westchester Bank.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.