NorthMarq arranges $3.7 million acquisition for 133 Portland Street in Boston, Massachusetts
133 Portland Street
BOSTON (January 13, 2014) – Joseph Hegenbart, managing director of NorthMarq Capital’s Boston regional office arranged acquisition financing of $3.7 million for 133 Portland Street, a 30,000 sq.ft. office property located in Boston, Mass. Financing for the transaction was based on a 10-year term and 25-year amortization schedule.NorthMarq facilitated financing for the borrower, the Winhall Companies, through its relationship with a correspondent life company. Major tenants include Dell Marketing and Rindler Morgan. “We were able to obtain financing for the acquisition of the property given short time constraints to close,” said Hegenbart.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
