Retail - Debt

NorthMarq Capital

NorthMarq Capital arranges refinancing of $700,000 for Lincolndale Plaza in Somers, New York

WESTCHESTER (August 2, 2018) – Robert Ranieri, senior vice president of NorthMarq Capital’s Westchester regional office, arranged refinancing of $700,000 for Lincolndale Plaza, a 5,377 sq. ft. retail property located in Somers, New York. The transaction was structured with a 10-year term with (5-year rate resets) on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local bank. 

“The borrower purchased the property in 2016 and was looking to take some money out for additional improvements. Flushing Bank provided a cash-out at an attractive rate,” said Ranieri. 


As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.