Northmarq arranges $13 million financing for 305 North Main Street medical office in Andover, MA
Northmarq’s Boston Debt + Equity team of Vice President Jeff Munoz and Managing Director Ed Riekstins has secured a $13 million construction loan to develop a 45,000-sq.-ft. medical office located in Andover, Massachusetts. The historic office building, originally constructed in 1920, will be redeveloped into a Class-A medical office building. Northmarq secured the fixed rate construction loan for the borrower through its relationship with a local bank.
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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.
