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Posted: December 20, 2016
Delitsky and Cotsalas of NorthMarq Capital finalize $16 million refinance of medical center
Robert Delitsky, NorthMarq Capital
180 East Pulaski Road - Huntington Station, NY
Charles Cotsalas, NorthMarq Capital
Huntington Station, NY Robert Delitsky, senior vice president/managing director of NorthMarq Capital’s New York City office and Charles Cotsalas, senior vice president of NorthMarq Capital’s Long Island-based regional office, collaborated to arrange the $16 million refinance of Huntington Medical Center, a 66,316 s/f medical office building located at 180 East Pulaski Rd. NorthMarq arranged financing for the borrower, Huntington Station Properties, LP, through Flushing Bank. The bank’s team was led by Ronald Hartmann and Timothy Lynn.
“The Huntington Medical Center has been successfully serving the local community for over 50 years,” said Delitsky. “Last year the medical practice merged with NYU Langone Medical Center which shows a great commitment to the area. Flushing Bank is a community bank that has been providing commercial financing options for much of its 87 year history.”
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