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.