Northmarq’s Debt + Equity team arranges $1.1M refinance of Briarwood at Maple apartments
Briarwood at Maple
Northmarq’s New York Metro Debt + Equity team led by Charles Cotsalas and Robert Ranieri successfully arranges the $1.1 million refinance of Briarwood at Maple, a 52-unit mid-rise apartment community located at 136-35 Maple Ave. in Flushing, New York.
Northmarq arranged the permanent-fixed financing on behalf of the borrower, The Briarwood Organization LLC, through a relationship with NorthEast Community Bank. The deal was structured on a five-year term.
"We explored various debt sources for this well-located co-op in Flushing and chose a local bank with expertise in co-op lending,” Cotsalas said. “In addition, we also secured a line of credit, which was an integral part of the loan request.”
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
