Northmarq’s White Plains Debt + Equity team arranges $6.8M refinancing of warehouse, distribution center in Brooklyn, NY
4702 2nd Ave
Northmarq’s White Plains Debt + Equity team led by Robert Ranieri successfully completed the $6.8 million external refinance of an industrial warehouse/distribution center located at 4702 2nd Avenue in Brooklyn, New York.
Northmarq secured the permanent-fixed refinancing on behalf of their borrower, through a correspondent relationship with Ameritas Investment Partners. The deal was structured on a 10-year term. The 4702 2nd Avenue property, built in 1964, features a 32,057-sq.-ft. building on 0.88 acres.
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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.
