NorthMarq Capital’s Long Island office arranged $45 million refinance of retail property in Patchogue, New York
LONG ISLAND (November 5, 2018) – Charles Cotsalas, senior vice president of NorthMarq Capital’s Long Island regional office, secured permeant-fixed financing for the $45 million refinance of a 339,634 sq. ft. retail property located in Patchogue, New York. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.