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.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.