NorthMarq Capital arranged $550,000 mortgage for Lincolndale Plaza in Lincolndale, New York
Lincolndale Plaza
WESTCHESTER, NY (August 12, 2013) – Robert W. Ranieri, senior vice president and managing director of NorthMarq’s Greater Westchester NY/CT regional office, arranged first mortgage refinancing of $550,000 for a 5,360 sq. ft. retail property located at 152 Route 202 in Lincolndale, New York. Financing was based on a 25-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower, Lincolndale Plaza Associates, LLC, through its relationship with correspondent life company lender.
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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.
