Multifamily - Debt

NorthMarq arranges $6.45 million refinance of multifamily property in Rochester, New York

ROCHESTER, NEW YORK (November 11, 2019) – NorthMarq’s Rochester-based regional office secured the $6.45 million refinance of 88 Elm. The 8,000 sq. ft. multifamily property contains 35 units.

The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank.

Northmarq is a full-service 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 a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.