Ranieri of NorthMarq finances $2.1 million first mortgage for the 111,301 s/f Crossroads Park

Robert Ranieri, senior vice president and managing director of NorthMarq Capital, Inc.'s Westchester regional office, arranged first mortgage financing of $2.1 million for Crossroads Park, a 111,301 s/f industrial facility. Major tenants in the building are Blevins, Inc. and Seneca Data Distributors, Inc. Financing was based on a 20-year term and a 20-year amortization schedule and was arranged for the borrower, UR Best Resort, Inc., by NorthMarq through its correspondent relationship with StanCorp Mortgage Investors. NorthMarq offers a full range of commercial real estate solutions across the country from its headquarters in Minneapolis, Minn. The NorthMarq Capital group offers commercial real estate investment banking, investment sales, real estate debt and equity financing, and commercial loan servicing in 29 offices coast-to-coast, with $13 billion in annual production volume and services a loan portfolio of $36 billion.

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