April 8, 2013

NorthMarq Capital arranged $5.787 million mortgage for One Franklin Square Apartments in Syracuse, New York

One Franklin Square Apts

Debt & Equity

Multi-Tenant

WESTCHESTER, NY (April 8, 2013) – Robert W. Ranieri, senior vice president and managing director of NorthMarq’s Greater Westchester NY/CT regional office, arranged first mortgage refinancing of $5.787 million for One Franklin Square Apartments, a 141-unit market-rate multifamily property located at 460 North Franklin Street in Syracuse, New York. Financing was based on a 10-year term with 2 years interest only, then a 30-year amortization schedule. NorthMarq arranged this financing for the borrower, 460 North Franklin Street Associates, LLC, through its seller-servicer relationship with Freddie Mac.

Available Multifamily properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.