TROY, N.Y., AND NEW BRITAIN, CONN. — NorthMarq Capital has arranged $4.9 million in first-mortgage financing for the Frear and Atrium Building, a 166,807-square-foot office building located in Troy. The loan carries a 5-year term, a 25-year amortization schedule and was provided by a federal credit union. Scott Devinney of NorthMarq's Upstate New York office arranged the loan on behalf of the borrower. In addition, NorthMarq arranged a $2 million second mortgage for Pebblebrook Apartments, a 486-unit multifamily community located at 46 Brittany Farms Rd. in New Britain. The loan carries a 8.75-year term with a 1-year fixed-to-float term and a 30-year amortization schedule. The borrower was Pebblebrook Apartments LLC and the lender was Freddie Mac. Robert Ranieri of NorthMarq's Capital Services Group East division arranged the loan.
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