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Posted: August 26, 2013
Ranieri of NorthMarq arranges $550,000 mortgage
Robert 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 s/f retail property located at 152 Route 202. 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.
NorthMarq, one of the largest privately held commercial real estate financial intermediaries in the U.S., provides mortgage banking and commercial loan servicing in 33 offices coast to coast. With an average of $9.5 billion in annual production volume and servicing a loan portfolio of over $41 billion, the company offers expertise to borrowers of all size.
The company has a long track record of multi-family financing as a Freddie Mac Program Plusâ„¢ Seller-Servicer, and through its affiliation with Fannie Mae DUS lender AmeriSphere Multifamily Finance. In addition, NorthMarq has long relationships with over 50 life companies, many CMBS platforms and hundreds of local, regional and national banks.
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