Retail - Debt

NorthMarq Capital arranged $550,000 mortgage for Lincolndale Plaza in Lincolndale, New York

WESTCHESTER, NY (August 12, 2013) – Robert W. Ranieri, senior vice president and managing director of NorthMarq’s Greater Westchester NY/CT regional office, arranged first mortgage refinancing of $550,000 for a 5,360 sq. ft. retail property located at 152 Route 202 in Lincolndale, New York. Financing was based on a 25-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower, Lincolndale Plaza Associates, LLC, through its relationship with correspondent life company lender.

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.