NorthMarq Capital arranges $1.1 million refinancing for Franklin Hall Apartments in Bloomfield, New Jersey
Franklin Hall Apts
WESTCHESTER, NY (October 8, 2013) – Robert W. Ranieri, senior vice president and managing director of NorthMarq’s Greater Westchester NY/CT regional office, arranged first mortgage refinancing of $1.1 million for Franklin Hall Apartments, a 65-unit market-rate multifamily property located at 153 Franklin Street in Bloomfield, New Jersey. Financing was based on a 15-year term with a 15-year amortization schedule. NorthMarq arranged this financing for the borrower, Gallinson Associates, L.L.C. with a regional bank.
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