Ranieri of NorthMarq secures $2.5 million refinance

Robert Ranieri, NorthMarq Capital

New York, NY Robert Ranieri, senior vice president/managing director of NorthMarq Capital’s Greater Westchester NY/CT based regional office secured the $2.5 million refinance of 1707 Second Ave., a 18-unit mixed-use property. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower, H – O Realty Corporation, through its relationship with a regional bank.

“The bank offered a very competitive rate for this low-leveraged transaction,” said Ranieri.