Multifamily - Debt

NorthMarq Capital arranged $1 million mortgage for 320 West 22nd Street in New York, New York

WESTCHESTER, NY (August 12, 2013) – Robert W. Ranieri, senior vice president and managing director of NorthMarq’s Greater Westchester NY/CT regional office, arranged first mortgage refinancing of $1 million for a 15-unit, market-rate multifamily property located at 320 West 22nd Street in New York, NY. Financing was based on a 7-year term plus a five year option and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower, Third Old New York LLC, through its relationship with a local bank.

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.