Ranieri of NorthMarq Capital arranges $20.5 million refinance for the borrower, Westbrooke Associates

Robert Ranieri, senior vice president/managing director of NorthMarq Capital's greater Westchester N.Y./Conn.-based regional office secured the $20.5 million refinance of Westbrooke Commons, a 340-unit multifamily property located at 6 Loden Ln. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower, Westbrooke Associates, through its seller/servicer relationship with Freddie Mac. "This is the third time that this property has been refinanced with Freddie Mac," said Ranieri. "The property always maintains excellent occupancy, has strong local management and the lender has always offered competitive terms."

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Reynolds, Davila and Loch of Investment Property Realty Group close $3.735 million sale of 216, 218, 220 East 179th St.

Bronx, NY Investment Property Realty Group (IPRG) closed the sale of 216, 218, 220 East 179th St., a development site located in the Mount Hope section of the city, for $3.735 million.

Investment Property Realty Group closes $2.9 million sale of 42 Richardson St.

IPRG closes $2.9m sale of 42 Richardson St.

Investment Property Realty Group closes $9.4 million sale of 73 Warren St.

IPRG closes $9.4m sale of 73 Warren St.

Investment Property Realty Group closes $1.7 million sale of 491 East 166th St.

IPRG closes $1.7m sale of 491 East 166th St.

Investment Property Realty Group closes $3 million sale of 4,350 s/f mixed-use building at 709 Fulton St.

IPRG closes $3m sale of mixed-use building at 709 Fulton St.

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Northmarq secures $13.5 million financing for grocery-anchored retail property in Middle Island, NY

Columns and Thought Leadership

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