Northmarq’s Debt + Equity team arranges $5.61M refinancing for New York apartment community
223 Naples
Northmarq’s Debt + Equity team led by Deon Green and Collin Lester successfully secured the $5.61 million refinancing of 223 Naples, a rent stabilized property in Bronx, New York.
Northmarq arranged the permanent-fixed financing on behalf of their borrower, White Properties LLC, through Fannie Mae. The transaction was structured with a five-year term.
Built in 1926, the mid-rise apartment community features 66 units.
Meet our team
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.
