Northmarq’s Debt + Equity team secures $3M refinancing for New York City apartment building
221 East 89th Street
Northmarq’s White Plains Debt + Equity team led by Robert Ranieri arranged the $3 million refinancing of 221 East 89th Street, a 20-unit multifamily community located in New York, New York.
Northmarq secured the financing on behalf of the borrower through Chase Bank. The permanent-fixed financing was structured on a three-year term.
“This is a repeat customer with this bank and we continue offer this client very advantageous economic terms to beat out the existing lender,” Ranieri said.
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About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
