Robert Ranieri of NorthMarq Capital finalizes $16m refinance of Wallington Plaza in Wallington, New Jersey

August 13, 2015


WALLINGTON, NJ Robert W. Ranieri, senior vice president/managing director of NorthMarq Capital’s Greater Westchester NY/CT based regional office arranged the $16 million refinance of Wallington Plaza, a 92,823 s/f retail property located at 375 Paterson Ave. in Wallington, New Jersey. The transaction was structured with a 7-year term and 30-year amortization schedule. NorthMarq arranged ground-lease financing for the borrower through its relationship with a regional bank. Shoprite Supermarket represents the property’s major tenant. 


“The bank delivered an excellent quote based on a 25 year ground lease to a newly opened Shoprite,” said Ranieri. 


NorthMarq Capital provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks and has a long track record of multi-family loan origination through Freddie Mac Program Plus, the Fannie Mae DUS program and through FHA, resulting in more than $13 billion in annual production volume and a loan portfolio of more than $45 billion. 

Please reload

Featured Posts

Horning and Lizzack of NAI Hanson negotiates lease to bring dental practice to retail suite

December 6, 2019

Please reload

Please reload

Recent Posts

Phone: 781.740.2900| Fax: 781.740.2929 

© Copyright 2014 Mid Atlantic Real Estate Journal. All Rights Reserved.