Northmarq’s Debt + Equity team arranges $6.45M refinancing for mixed-use building in New York, NY
301 East 84th Street
Northmarq’s White Plains Debt + Equity team led by Robert Ranieri successfully arranged the $6.45 million refinancing of 301 East 84th Street, a mixed-use building located in New York, New York.
Built in 1915, the property includes ground-floor retail space and 25 apartments.
Northmarq secured permanent-fixed financing on behalf of the borrower through Chase Bank. The transaction was structured on a five-year term.
“This is the 4th loan with this client and this bank,” said Ranieri. “They offer a low cost, ease of transaction process that our client is accustomed to.”
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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.
