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

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.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.