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Brokerage
Posted: January 7, 2020
Ranieri of NorthMarq completes $800,000 refinance of Canterbury Commons
Mount Vernon, NY Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains office arranged the $800,000 refinance of Canterbury Commons. The 20-unit senior housing property is located on South Columbus Ave.
“The property owner was able to realize his long term equity in the property with a cash-out by a local bank with an excellent lending reputation,” said Ranieri.
Financing details:
- 7-year term; and
- 30-year amortization schedule
NorthMarq arranged financing for the borrower through its relationship with The Westchester Bank.
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