NorthMarq Capital arranges $8 million mortgage

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.