NorthMarq’s Ranieri negotiates construction financing of $10M
WHITE PLAINS, NY — Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains office negotiated construction financing of $10 million for Opus. The 49-unit multifamily property will be located on Ridge Rd. in North Arlington, NJ. The transaction was structured with an 18-month interest-only term. NorthMarq arranged financing for the borrower through its relationship with a local bank.