Deanna Polizzo, VP, and Ernest DesRochers, senior VP and managing director of NorthMarq Capital, Inc.'s New York City metro office, arranged $4.5 million in first mortgage financing. Brookmeade Plaza, a 35,858 s/f retail center, and Hark Plaza 2 & 3, a 41,655 s/f retail and office building. Both properties represent well maintained assets in established neighborhood business locations with long-term tenancy. Major tenants include McDonald's and Liberty Mutual.
Financing was based on a 10-year term with a 25-year amortization schedule and was arranged for the borrower, Frostberg LLC and Hark/Kandr LLC, by NorthMarq through its relationship with People's United Bank. Tags: