Charles Cotsalas, senior vice president and senior director and Ernest DesRochers, senior vice president and managing director of NorthMarq Capital's (NorthMarq) Long Island Regional office, arranged an $8 million first mortgage financing for the Villas at Medford, a 66-unit multifamily property.
Financing was arranged for the borrower by NorthMarq through its seller-servicer relationship with Freddie Mac.
Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter