Ernest DesRochers, senior vice president/managing director of NorthMarq Capital’s New York City office and Charles Cotsalas, senior vice president/senior director of NorthMarq Capital’s Long Island regional office, collaborated to arrange the $17 million refinance of a 118,379 sq. ft. office property located at 865 Merrick Avenue in Westbury, New York. The transaction was structured with a 5-year term. NorthMarq arranged financing for the borrower through its relationship with a local bank.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.