NorthMarq Capital arranges $20.5 million refinance for Westbrooke Commons in Henrietta, New York
Westbrooke Commons
WESTCHESTER (May 20, 2014) – Robert W. Ranieri, senior vice president/managing director of NorthMarq Capital’s greater Westchester N.Y./Conn. based regional office secured the $20.5 million refinance of Westbrooke Commons, a 340-unit multifamily property located at 6 Loden Lane, Henrietta, New York. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower, Westbrooke Associates, through its seller/servicer relationship with Freddie Mac. “This is the third time that this property has been refinanced with Freddie Mac,” said Ranieri. “The property always maintains excellent occupancy, has strong local management and the lender has always offered competitive terms.”
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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.
