NorthMarq Capital’s Long Island office arranges $5.4 million refinance for Medford, New York multifamily property

Medford Landing
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NEW YORK CITY (May 10, 2018) – Charles Cotsalas, senior vice president/senior director of NorthMarq Capital’s Long Island regional office, and Robert Ranieri, senior vice president/managing director of NorthMarq Capital’s Rochester office, collaborate to negotiate the $5.4 million refinance of Medford Landing, a 102,144 sq. ft. multifamily property located at 100-500 Addison Place in Medford, New York. The transaction was structured with a 10-year term. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.

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.