Multifamily - Debt

NorthMarq’s Sam Berns arranges $6.45 million refinance of multifamily property in Rochester, New York

ROCHESTER, NEW YORK (November 11, 2019) – Sam Berns, senior vice president/managing director of 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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.