February 24, 2015

NorthMarq Capital finalizes $14 million refinance of Windsor Gardens Apartments in Rochester, New York

Windsor Gardens Apts

Debt & Equity

Multi-Tenant

GREATER WESTCHESTER NY/CT (February 23, 2015) – Robert W. Ranieri, senior vice president/managing director of NorthMarq Capital’s Greater Westchester NY/CT based regional office arranged the $14 million refinance of Windsor Gardens Apartments, a 296 unit multifamily property located at 2859 Manitou Road in Rochester, New York. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower, Windsor Associates, L.P. through its Seller-Servicer relationship with Freddie Mac. “This is the third time Freddie Mac has refinanced this loan with this client,” said Ranieri. “The rate has dropped each time and the owner was able to cash out loan proceeds.”

Available Multifamily properties

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: www.northmarq.com.