NorthMarq Capital’s Long Island office arranges $5.4 million refinance for Medford, New York multifamily property
Medford Landing
NEW YORK CITY (May 10, 2018) – Charles Cotsalas, senior vice president/senior director of NorthMarq Capital’s Long Island regional office, and Robert Ranieri, senior vice president/managing director of NorthMarq Capital’s Rochester office, collaborate to negotiate the $5.4 million refinance of Medford Landing, a 102,144 sq. ft. multifamily property located at 100-500 Addison Place in Medford, New York. The transaction was structured with a 10-year term. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.
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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.
