NorthMarq Capital arranges $3.4 million refinance of a downtown Manchester, New Hampshire office property
Manchester Office Property
BOSTON (December 18, 2014) – Matt Marshall, vice president of NorthMarq Capital’s Boston based regional office arranged the $3.4 million refinance of a 43,742 sq.ft. downtown office building located at 1331 Elm Street, Manchester, New Hampshire. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “The combination of long-term sponsorship, property condition and excellent location were major strengths of the transaction,” said Marshall. “All parties recognized the value in structuring a long-term refinance and it was a pleasure to work with both the lender and borrower to complete the deal.”
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.
