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NorthMarq Arranges $4M Loan for Refinancing of Mixed-Use Property in Brooklyn

66-Nassau-New-York

66 Nassau Avenue is five stories with ground floor retail.

NEW YORK CITY — NorthMarq has arranged a $4 million cash-out refinance of a 8,799-square-foot multifamily property in Brooklyn. The property, 66 Nassau Avenue, is five stories with ground floor retail. The loan was structured with a 10-year term, a 4 percent fixed interest rate and a 25-year amortization schedule. The property was originally acquired in 2000 and was later demolished and redeveloped in 2018.

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