NORTHMARQ ARRANGES $16 MILLION LOAN FOR BROOKLYN APT COMMUNITY

NEW YORK CITY — NorthMarq Capital has arranged $16 million in first-mortgage financing for 75 Henry Street, a 33-story co-op building located in Brooklyn. The building contains 370 units and is situated within the borough's Brooklyn Heights neighborhood. The loan carries a 10-year term, a 30-year amortization schedule, a 4.79 percent interest rate and a 12 percent loan-to-value ratio. The lender was Freddie Mac. Frank Relihan of NorthMarq's Washington, D.C., office secured the loan on behalf of Whitman Owner Corp.