Retail - Debt

NorthMarq Capital finalizes $6.2 Million refinance of Airmont Village Square in Airmont, New York

NEW JERSEY (September 29, 2014) – Gregory Nalbandian, senior vice president/managing director of NorthMarq Capital’s New Jersey based regional office arranged refinancing of $6.2 million for Airmont Village Square, a 31,015 sq.ft. retail property located at 209-221 Route 59 in Airmont, New York. The transaction was structured with a 4% interest rate, 65% LTV and a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower, The Joseph’s Group, 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.