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.