Arranged $10 Million Mortgage to Refinance a Four Building Portfolio in Troy, New York
Troy Buildings Portfolio
ROCHESTER (April 15, 2013) – Scott DeVinney, vice president of NorthMarq’s Rochester regional office, arranged first mortgage refinancing of $10 million for a portfolio of four buildings in Troy, New York. This portfolio includes three office buildings containing a combined total of 200,000 sq. ft. and one parking garage containing 985 parking spaces. They are: - The Market Block, 282 River Street - Atrium & Frear Buildings, Third and Fourth Streets - Uncle Sam Parking Garage (USPG), 35 4th Street Financing was based on a 7-year term and a 15-year amortization schedule and was arranged for the borrowers, Bryce Properties, LLC, Hudson River Place, LLC and Uncle Sam Garages, LLC, through NorthMarq’s relationship with a local credit union.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.