NorthMarq Capital completes $17 million refinance of office property located in Westbury, New York
Office Property
NEW YORK CITY (May 7, 2018) – Ernest DesRochers, senior vice president/managing director of NorthMarq Capital’s New York City office and Charles Cotsalas, senior vice president/senior director of NorthMarq Capital’s Long Island regional office, collaborated to arrange the $17 million refinance of a 118,379 sq. ft. office property located at 865 Merrick Avenue in Westbury, New York. The transaction was structured with a 5-year term. NorthMarq arranged financing for the borrower through its relationship with a local bank.
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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.
