NORTHMARQ ARRANGES $6.5 MILLION MULTIFAMILY LOAN

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CHICOPEE, MASS. — NorthMarq Capital has arranged $6.5 million in first-mortgage financing for Montcalm Heights Apartments, a 192-unit multifamily property located in Chicopee. The loan carries a 10-year term plus 1 year fixed to float with 5 years of interest-only payments and a 30-year amortization schedule. Robert Rainieri of NorthMarq’s Greater Westchester, New York/Connecticut office arranged the financing on behalf of the borrower, Montcalm Associates LP, through Freddie Mac.

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