NorthMarq Capital finalizes $6.2 Million refinance of Airmont Village Square in Airmont, New York
Airmont Village Square
NEW JERSEY (September 29, 2014) – Gregory Nalbandian, senior vice president/managing director of NorthMarq Capital’s New Jersey based regional office arranged refinancing of $6.2 million for Airmont Village Square, a 31,015 sq.ft. retail property located at 209-221 Route 59 in Airmont, New York. The transaction was structured with a 4% interest rate, 65% LTV and a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower, The Joseph’s Group, through its relationship with a regional bank.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
