Multifamily - Debt


NorthMarq Capital arranges $3 million refinancing for Middle Village Apartments in Clifton, New Jersey

WESTCHESTER, NY (October 8, 2013) – Robert W. Ranieri, senior vice president and managing director of NorthMarq’s Greater Westchester NY/CT regional office, arranged first mortgage refinancing of $3 million for Middle Village Apartments, a 160-unit market-rate multifamily property located at 24 Day Street in Clifton, New Jersey. Financing was based on a 15-year term with a 15-year amortization schedule. NorthMarq arranged this financing for the borrower, Middle Village Associates, L.L.C. with a regional bank.

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 more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.