Multifamily - Debt

NorthMarq’s Rochester office secures $13.2 million bridge loan for multifamily portfolio in Rochester, New York

ROCHESTER, NEW YORK (September 26, 2019) – NorthMarq arranged the $13.2 million bridge loan for a multifamily portfolio located in Rochester, New York.

Financing Details:
– Refinance
– 3-year interest-only term
– NorthMarq arranged financing for the borrower through its relationship with a bridge/mezzanine lender.  

Property Details:
– The subject property represents three Class A, mixed-use properties containing a combined 155,000 sq. ft. 

 

Northmarq is a full-service 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 a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.

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