Northmarq’s Debt + Equity team arranges $8.5M refinance of Indian Hills Country Club in Northport, NY

NORTHPORT, N.Y. — Northmarq’s New York Metro Debt + Equity team led by Charles P Cotsalas and Ernest DesRochers successfully arranged the $8.5 million refinance of Indian Hills Country Club located at 21 Breeze Hill Road in Northport, New York.

Northmarq arranged the permanent fixed-rate financing on behalf of the borrower, The Northwind Group, through a correspondent relationship with StanCorp Mortgage Investors LLC. The transaction, a short-term loan with a series of renewal options, was structured on an initial three-year term with a 25-year amortization schedule.

“A successful execution for an asset class that is not financed everyday,” said Cotsalas.

Opened in 1945, Indian Hills features a 120-acre golf course along the picturesque Long Island Sound. The private club provides an exceptional waterfront golf experience as well as enjoyable social and dining events for its membership.

Indian Hills Country Club is roughly 40 miles east of Queens. It is nearby New York State Route 25A as well as the Sunken Meadow State Pkwy, connecting it to New York City and the broader Long Island community.