Robert Ranieri, senior vice president and managing director of NorthMarq Capital, LLC's Greater Westchester, NY/CT regional office, arranged first mortgage refinancing of $6.5 million for Montcalm Heights Apartments, a 192-unit multifamily property.
Financing was based on a 10-year term plus 1-year fixed to float with 5 years interest only then a 30-year amortization schedule thereafter and was arranged for the borrower, Montcalm Associates Limited Partnership, by NorthMarq through its seller-servicer relationship with Freddie Mac.