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) – Sam Berns 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.  

Producer Quote:
“The lender was flexible with the completion of additional apartment units.”  

– Sam Berns

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

 

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.