NorthMarq Arranges $7.5M Refinancing for Community Near New York City

MOUNT VERNON, N.Y. — NorthMarq has arranged a $7.5 million refinancing for Lohman Village, a 31-unit seniors housing community in Mount Vernon, just north of the Bronx.

Located on the 34-acre Wartburg campus, a larger seniors housing complex offering a wide variety of services. Lohman Village offers one- and two-bedroom townhomes in the community.

Robert Ranieri of NorthMarq’s White Plains office arranged the permanent, fixed-rate loan through NorthMarq’s relationship with the lender, PCSB Bank. The transaction was structured with a seven-year term on a 30-year amortization schedule.