Northmarq’s Debt + Equity team secures $5.45M refinancing for multi-tenant storefront retail center in Bronx, NY
Bronx Multi-Tenant Storefront Retail
Northmarq’s New York Metro Debt + Equity team led by Dylan Hamer and Bob Bernard successfully arranged the $5.45 million cash-out refinancing of a multi-tenant storefront retail center located at 74-84 East 161st Street in Bronx, New York.
Northmarq secured permanent-fixed financing on behalf of the borrower through the firm’s relationship with a life insurance company. The transaction was structured on a five-year term.
The property spans 10,470 square feet, with Chase as a key tenant.
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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.