NORTHMARQ SECURED $1.25 MILLION LOAN FOR MULTI-USE PROPERTY

PORT CHESTER, N.Y. — The New York Metro regional office of NorthMarq Capital has secured $1.25 million in first-mortgage financing for a 20,865-square-foot multi-use property located at 225 Westchester Ave. in Port Chester. The property comprises 12,865 square feet of office space, as well as an 8,000-square-foot restaurant. Tenants include Poko Management, Saverio Terenzo, Weissman Management and JRJ Restaurant. The loan includes a 5-year term with a 25-year amortization schedule, as well as a 6.12 percent, non-recourse interest coupon. The loan was arranged by NorthMarq’s Thomas Graf and Bruce Whipple on behalf of the borrower, Weissman Management Corp. The lender was a private, New York-based bank.