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.