NorthMarq Capital arranges $9.065 million refinance of Washington Heights Apartments in Bloomfield, New Jersey
Washington Heights Apts
WESTCHESTER (March 10, 2014) – Robert W. Ranieri, senior vice president/managing director of NorthMarq Capital’s Greater Westchester NY/CT regional office arranged refinancing of $9.065 million for Washington Heights Apartments, a 96-unit multifamily property located at 168-174 Washington Street in Bloomfield, New Jersey. The transaction was structured with a 10-year term and 30-year amortization. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.
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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.
