NorthMarq arranged $4.27 Million Mortgage for Price Rite in Syracuse, NY
ROCHESTER (July 29, 2013) – NorthMarq’s Rochester regional office, and NorthMarq’s North Jersey regional office, cooperated to arrange acquisition financing of $4.27 million for a 33,360 sq. ft. grocery/retail property located on Erie Boulevard in Syracuse, New York. The property is fully leased to Price Rite. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the New Jersey based institutional sponsor through its relationship with a regional bank.
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.
