Retail (MT)
Debt & Equity

NorthMarq’s White Plains office negotiates acquisition financing of $900,000 for retail property in East Rutherford, New Jersey

WHITE PLAINS, NEW YORK (February 4, 2020) – Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains-regional office arranged acquisition financing of $900,000 for 189 & 193 Park Avenue, a 3,644 sq. ft. retail property located in East Rutherford, New Jersey. The United States Postal Service represents the property’s major tenant. 

“The bank was able to provide 75 percent financing on this freestanding post office. It has been a post office for more than 50 years.”  

- Robert Ranieri

Financing Details:
- 5-year term
- 25-year amortization schedule
- NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with Columbia 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.

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Retail Property
Permanent Loan - Fixed
$900,000