NorthMarq Capital’s Long Island office secures $47 million refinance of New York City mixed-use property
NEW YORK CITY (May 10, 2018) – Charles Cotsalas, senior vice president/senior director of NorthMarq Capital’s Long Island regional office and Bob Delitsky, senior vice president/managing director of NorthMarq Capital’s New York City office, collaborated to secure the $47 million refinance of a 128,251 sq. ft. mixed use property located at 64 West 48th Street in New York, New York. The transaction was structured with a 15-year term with 2-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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