Multifamily - Debt

NorthMarq Capital arranges $1.1 million refinancing for Franklin Hall Apartments in Bloomfield, New Jersey

WESTCHESTER, NY (October 8, 2013) – Robert W. Ranieri, senior vice president and managing director of NorthMarq’s Greater Westchester NY/CT regional office, arranged first mortgage refinancing of $1.1 million for Franklin Hall Apartments, a 65-unit market-rate multifamily property located at 153 Franklin Street in Bloomfield, New Jersey. Financing was based on a 15-year term with a 15-year amortization schedule. NorthMarq arranged this financing for the borrower, Gallinson Associates, L.L.C. with a regional 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.