REBusinessOnline

NORTHMARQ ARRANGES $4.3 MILLION LOAN FOR LONG ISLAND RETAIL CENTER

BETHPAGE, N.Y. — NorthMarq Capital has arranged $4.3 million in first-mortgage financing for a shopping center located in Bethpage. Singleton's Shopping Center is a 45,000-square-foot property located at 150-160 Hicksville Road. It's primary tenant is H.R. Singleton's Café and Restaurant, which is also the owner. The loan carries a fixed interest rate, a 10-year term and a 25-year amortization schedule. The lender was StanCorp Mortgage Investors. Charles Cotsalas of NorthMarq's Long Island office partnered with Ernes DesRochers of the firm's New York City office to secure the loan.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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