Berns of NorthMarq Capital arranges $7 million mortgage
Sam Berns, senior vice president/managing director of NorthMarq's Rochester Regional office, arranged first mortgage refinancing of $7 million for Pleasant Creek Apartments, a 156-unit military housing community. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its seller-servicer relationship with Freddie Mac.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
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