ROCHESTER, NEW YORK (September 26, 2019) – Sam Berns arranged the $13.2 million bridge loan for a multifamily portfolio located in Rochester, New York.
– 3-year interest-only term
– NorthMarq arranged financing for the borrower through its relationship with a bridge/mezzanine lender.
“The lender was flexible with the completion of additional apartment units.”
– Sam Berns
– The subject property represents three Class A, mixed-use properties containing a combined 155,000 sq. ft.