Northmarq arranges $2.5M refinancing for apartment building in New York, NY
Northmarq’s White Plains Debt + Equity team led by Robert Ranieri successfully arranged $2.5 million in financing for a 10,344-square-foot multifamily property located at 340 East 86th Street in New York, New York. Constructed in 1920, the property is located in Manhattan’s Upper East Side neighborhood.
Northmarq arranged the financing on behalf of the borrower, Davenport Realty LTD, through Chase Bank. The permanent fixed-rate financing is structured on a 15-year term.
“This is the sixth transaction with this borrower and Chase. The Bank offers a low-cost transaction at very competitive rates. Both Northmarq and the client are happy to continue working with them,” Ranieri said.
Meet our team
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 $80 billion and has completed $91.3 billion in transactions over the past four years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
