Business Services Industry

NorthMarq Capital

Real Estate Weekly, June 27, 2007

NorthMarq Capital announced the following transactions:

* Ernest DesRochers, senior vice president and managing director, and Deanna Polizzo, vice president, in NorthMarq Capital, Inc.'s (NorthMarq) Greater Westchester NY/CT Regional office, cooperated to arrange first mortgage financing of $7 million for Kohl's Shopping Center, located in Colonie, New York. Financing was based on a 10-year term with a 30-year amortization schedule and was arranged for the borrower, Colonie Realty Associates NY, LLC, through NorthMarq's relationship with Royal Bank of Canada. Royal Bank of Canada was able to step up with competitive pricing and full proceeds approaching 80% loan to value for this Kohl's-anchored retail center.

* Scott DeVinney, vice president in NorthMarq Capital, Inc.'s Rochester Regional office, arranged first mortgage financing of $5.352 million for The Foundry, located in Syracuse, New York. Financing for the 40,000 s/f office property was based on a 10-year term with a 30-year amortization schedule and was arranged for the borrower, Franklin Square Associates, through North-Marq's relationship with Goldman Sachs.

COPYRIGHT 2007 Hagedorn Publication
COPYRIGHT 2008 Gale, Cengage Learning

 

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