NorthMarq completes $800,000 refinance of senior housing in Mount Vernon, New York
Canterbury Commons
WHITE PLAINS, NEW YORK (December 18, 2019) – Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains-based regional office arranged the $800,000 refinance of Canterbury Commons. The 20-unit senior housing property is located on South Columbus Avenue in Mount Vernon, New York.
“The property owner was able to realize his long term equity in the property with a cash-out by a local bank with an excellent lending reputation,” said Ranieri.
Financing Details:
- 7-year term
- 30-year amortization schedule
- NorthMarq arranged financing for the borrower through its relationship with The Westchester Bank.
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About Northmarq
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.
