Office
Debt & Equity

NorthMarq Capital completes $17 million refinance of office property located in Westbury, New York

NEW YORK CITY (May 7, 2018) – Ernest DesRochers, senior vice president/managing director of NorthMarq Capital’s New York City office and Charles Cotsalas, senior vice president/senior director of NorthMarq Capital’s Long Island regional office, collaborated to arrange the $17 million refinance of a 118,379 sq. ft. office property located at 865 Merrick Avenue in Westbury, New York. The transaction was structured with a 5-year term. NorthMarq arranged financing for the borrower through its relationship with a local 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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

Westbury office property_web cropt
Office Property
Debt
$17,000,000