Ranieri of NorthMarq arranges $1 million mortgage

Robert Ranieri, senior vice president and managing director of NorthMarq's Greater Westchester NY/CT regional office, arranged first mortgage refinancing of $1 million for a 15-unit, market-rate multifamily property located at 320 West 22nd St. Financing was based on a seven-year term plus a five-year option and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower, Third Old New York LLC, through its relationship with a local bank.