Office

NorthMarq Capital’s Rochester office arranges $4.5 million refinance for Office Park in Upstate, New York

ROCHESTER (June 19, 2017) Michael James, vice president of NorthMarq Capital’s Rochester regional office, negotiated the refinance of $4,500,000 for a 72,671 sq. ft. suburban office property located in Upstate, New York. The office park is set up as a modern office building campus with ample parking. A regional bank provided the loan, allowing the borrower to recapitalize the property for a long term.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.