NorthMarq’s White Plains office completes $16 million refinance of Village Manor in Nutley, New Jersey

Village Manor

WHITE PLAINS, NEW YORK (April 24, 2019) – Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains-based regional office arranged the $16 million refinance of Village Manor, a 227-unit multifamily property located on Adams Street in Nutley, New Jersey. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac. 

The garden-style complex featuring one and two bedroom units is located near Route 3 in the center of Nutley, New Jersey. The property benefits from close proximity to retail shopping, restaurants, recreation, post office and town hall—all within a few blocks. Village Manor’s location offers easy access to major highways and close proximity to public transportation.  Community amenities include laundry facilities, 24-hour on-site maintenance and assigned surface and garage parking. 

“This was a low-leverage refinance of an existing Freddie Mac loan with a long-term NorthMarq Freddie Mac borrower,” said Ranieri. “Freddie Mac and NorthMarq always recognize the importance of repeat business with quality clients.” 

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:

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