NORTHMARQ SECURES $10.5M MORTAGE FOR SAXONY TOWERS

by admin

WESTCHESTER, N.Y. — NorthMarq has arranged $10.5 million in first mortgage financing for the 330-unit Saxony Towers in Jackson Heights. Financing was based on a 10-year term and a 30-year amortization schedule. Robert Ranieri and Craig Bjornsund of NorthMarq arranged the transaction for the borrower, Saxony Towers Realty Corp., through Freddie Mac.

You may also like