May 20, 2014

NorthMarq Capital arranges $20.5 million refinance for Westbrooke Commons in Henrietta, New York

Westbrooke Commons

Debt & Equity

Multi-Tenant

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 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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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