NorthMarq Capital’s Boston regional office arranges acquisition financing of $4.5 million for office property in South End
44-46 Plympton Street
BOSTON (February 22, 2016) – Ed Riekstins, senior vice president of NorthMarq Capital’s Boston regional office arranged acquisition financing of $4.5 million for a 28,600 sq. ft. office property located at 44-46 Plympton Street in Boston, Massachusetts. The transaction was structured with a 10-year term and a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a national bank. The office is located in Boston’s South End, only a block away from the Boston Flower Exchange redevelopment site. “The borrower was able to get the most flexible terms with this lender and we were very pleased with the smooth and quick closing process,” said Riekstins. “This is a repeat borrower that NorthMarq has done business with and we anticipate closing many more deals in the future.”
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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.
