NorthMarq Capital Long Island arranges $4,080,000 refinance of Brighton Underground Garages in Brooklyn, New York
Brighton Underground Garages
LONG ISLAND (May 4, 2018) – Charles Cotsalas, senior vice president/senior director of NorthMarq Capital’s Long Island regional office, and Robert Delitsky, senior vice president/managing director of NorthMarq Capital’s New York City office, negotiated the $4,080,000 refinance Brighton Underground Garages, a 524 unit complex located at 90 Oceana Drive West and 95 Ocean Drive East in Brooklyn, New York. The transaction was structured with a 10-year term. NorthMarq arranged financing for the borrower through its relationship with a regional bank.
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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.
