Northmarq’s New York Metro Debt + Equity team arranges $29M refinance of Home Depot location in Jamaica, NY

Home Depot - Jamaica, N.Y.
105,196-sq.-ft. single-tenant freestanding property

JAMAICA, N.Y. — Northmarq’s New York Metro Debt + Equity team led by Robert Delitsky and Charles Cotsalas successfully arranged the $29 million refinance of the Home Depot located in Jamaica, New York.

Northmarq arranged the permanent-fixed financing on behalf of the borrower, Mattone Investors, through a correspondent relationship with a CMBS lender.

“Mattone Investors developed this very successful Home Depot which has been a major retail destination throughout Jamaica’s recent development boom,” said Delitsky.

Built in 2007, the Home Depot Jamaica location features a 105,196-sq.-ft. single-tenant freestanding property. This Home Depot location is one of its top performing stores in New York state.

“Robert Delitsky and Chuck Cotsalas delivered an exceptional deal from the lender” said Michael Mattone, a Principal at Mattone Investors. 
 

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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
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