NorthMarq’s New York and Long Island office arrange $2.85 million refinance of industrial property in Copiague, New York
LONG ISLAND, NEW YORK (March 1, 2019) – Charles Cotsalas, senior vice president/senior director of NorthMarq’s Long Island-based regional office collaborated with Ernest DesRochers, senior vice president/managing director of NorthMarq’s New York City office to negotiate the $2.85 million refinance for a 46,000 sq. ft. industrial (office warehouse) property located in Copiague, New York. The transaction was structured with a 5-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with Symetra.
“While banks were competitors for the deal, in the end proceeds and rate were what made Symetra the clear choice,” noted DesRochers.
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