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.
– 7-year term
– 30-year amortization schedule
– NorthMarq arranged financing for the borrower through its relationship with The Westchester Bank.