NORTHMARQ ARRANGES $18 MILLION IN APARTMENT FINANCING
GREECE AND WEBSTER, N.Y. — The Upstate New York office of NorthMarq Capital has arranged an $18 million loan for the refinancing of two New York apartment communities. The first is Holyoke Park, a 720-unit property located in Greece, and the second is Country Manor, a 328-unit property located in Webster. Terms of the loan include a 30-year amortization schedule and 5-year fixed interest rates averaging 4.83 percent. The borrower is The Farash Corporation and the lender is Freddie Mac.