NorthMarq’s White Plains office secures $7 million refinance of Montcalm Heights Apartments in Chicopee, Massachusetts

Montcalm Heights Apts
Debt & Equity
Multi-Tenant
Multifamily
Permanent Loan - Fixed
Freddie Mac
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WHITE PLAINS, NEW YORK (September 9, 2019) – Robert Ranieri negotiated the $7 million refinance of Montcalm Heights Apartments. The property is located at New Ludlow Road and Montcalm Street in Chicopee, Massachusetts. 

Financing Details:
- 10-year term (5-years interest only)
- 30-year amortization schedule
- Permanent fixed-rate loan
- NorthMarq arranged the financing for the borrower through its relationship with Freddie Mac

Producer Quote:
“This was a refinance of an existing Freddie Mac loan with a long standing Freddie Mac borrower. The borrower lowered his interest rate while borrowing additional proceeds for property improvements.”

- Robert Ranieri

Property Details:
- 192 units set in two 4-story elevator buildings.
- Spacious studio, one-bedroom and two-bedroom units with on-site parking.
- Community amenities: Outdoor swimming pool, laundry facilities, picnic area with barbeque grills, landscaped courtyard, tenant storage units and a management/ leasing office. 

View Available Multifamily Listings

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About Northmarq 
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.
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