NorthMarq Capital’s Boston office negotiates $2.4 million refinance of Millstone Plaza Apartments in Newark, Delaware
BOSTON (September 12, 2016) – Ed Riekstins, managing director of NorthMarq Capital’s Boston-based regional office arranged the $2.4 million refinance of Millstone Plaza Apartments, a multifamily property with 24 units and 2,500 sq. ft. office space. The transaction was structured with a 10-year term and 30-year amortization schedule NorthMarq secured financing for the borrower through its relationship with a national bank. “The borrower was very satisfied with the closing process as they were able to secure the desirable rate and complete a quick closing in the time frame requested,” said Riekstins. “We look forward to doing more business with both parties.”
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