NORTHMARQ ARRANGES $8.2M LOAN FOR FREDONIA PLACE

FREDONIA, N.Y. — NorthMarq Capital has arranged an $8.2 million loan for the refinancing of Fredonia Place, an 84-unit assisted living facility at 50 Howard St. in Fredonia. Elliot Auerbacher of NorthMarq arranged the 37-year, fixed-rate loan through an FHA lender. The loan contains a 37-year amortization schedule.