May 29, 2018

NorthMarq Capital arranges $17 million refinance of office portfolio located throughout Long Island, New York

Harvest Portfolio

Debt & Equity

Multi-Tenant

NEW YORK CITY (May 29, 2018) – Ernest DesRochers, senior vice president/managing director of NorthMarq Capital’s New York City office, and Charles Cotsalas, senior vice president/senior director of NorthMarq Capital’s Long Island regional office, arranged the $17 million refinance of the Harvest Portfolio, a collection of three office properties containing a combined 140,000 sq. ft. and located throughout Long Island, New York. The transaction was structured with a 5-year term. NorthMarq arranged financing for the borrower through its relationship with a regional bank.

Available Office properties

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.