NorthMarq’s White Plains office arranges acquisition financing of $2,730,000 for Liberty Center Plaza in Seneca Falls, New York
WHITE PLAINS, NEW YORK (April 1, 2019) – Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains-based regional office secured acquisition financing of $2.73 million for Liberty Center Plaza, a 80,846 sq. ft. retail property located at Route 5 & 20 in Seneca Falls, New York. The transaction was structured with a 7-year term on a 25-year amortization schedule. NorthMarq arranged the permanent-fixed rate loan for the borrower through its correspondent relationship with a life insurance company. The property’s major tenants include Tractor Supply Company and The Salvation Army.
“NorthMarq was able to provide numerous life company options for this existing client who is looking to grow his neighborhood retail portfolio,” noted Ranieri.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
