October 6, 2015

NorthMarq Capital’s Westchester office arranges $2.5 million refinance of mixed-use property in New York City

1707 Second Avenue

Debt & Equity

Multi-Tenant

GREATER WESTCHESTER NY/CT (October 6, 2015) – Robert W. Ranieri, senior vice president/managing director of NorthMarq Capital’s Greater Westchester NY/CT based regional office secured the $2.5 million refinance of 1707 Second Avenue, a 18-unit mixed-use property located in New York, New York. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower, H – O Realty Corporation, through its relationship with a regional bank. “The bank offered a very competitive rate for this low-leveraged transaction,” noted Ranieri.

Available Mixed Use properties

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.