NorthMarq secures $1.75 million refinance of retail property located in Pittsford, New York
ROCHESTER (June 19, 2019) – NorthMarq’s Rochester-based regional office completed the $1.75 million refinance of a 92,000 sq. ft. retail property located in Pittsford, New York. The permanent-fixed loan was structured with a 10-year term on a 10-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a life insurance company.
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.
