Ranieri of NorthMarq finances $5 million in combined second mtges.
Robert Ranieri, senior vice president and managing director of Capital Services in NorthMarq Capital, Inc.'s Greater Westchester NY/CT regional office arranged combined second mortgages of $5 million for 31-33 Carmine St. and 41-43 Carmine St. 31-34 Carmine St. is comprised of 20 multifamily units and three commercial units. 41-43 Carmine St. contains 35 multi-family units and four commercial units. Financing for both properties was based on a 5.4-year term with a 30-year amortization schedule and was arranged for the borrowers by NorthMarq through its seller-servicer relationship with Freddie Mac.
Holtsville, NY A fourth-generation family-owned, custom metal-fabricating business will expand in Holtsville after the Town of Brookhaven Industrial Development Agency (IDA) closed on a package of economic incentives.