Senior Housing - Debt

NorthMarq completes $800,000 refinance of senior housing in Mount Vernon, New York

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. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.