April 16, 2015

NorthMarq Capital finalizes $4.25 million refinance of 350-360 Tarrytown Road in White Plains, New York

360 Tarrytown Road

Debt & Equity

Multi-Tenant

GREATER WESTCHESTER NY/CT (April 15, 2015) – Robert W. Ranieri, senior vice president/managing director of NorthMarq Capital’s Greater Westchester New York/Connecticut based regional office arranged the $4.25 million refinance of 350-360 Tarrytown Road, a 18,056 sq.ft. retail property located in White Plains, New York. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local bank. The Men’s Warehouse represents the property’s major tenant. “This loan was a refinance of a maturing CMBS loan,” said Ranieri. “The local bank was very aggressive offering a 10-year deal with 30-year amortization and non-recourse.”

Available Retail (MT) properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.