NorthMarq arranges acquisition financing of $1.77 million for Woodside Court Apartments in Holley, New York

Woodside Court Apts
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ROCHESTER, NEW YORK (November 11, 2019) – NorthMarq’s Rochester-based regional office negotiated acquisition financing of $1.77 million for Woodside Court Apartments, a 24-unit multifamily property located in Holley, New York.

The permanent-fixed loan was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through Freddie Mac’s SBL program.

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.