NorthMarq Capital arranges $2.65 million refinance of multifamily property located in Hudson, New Hampshire
Multifamily Property
BOSTON (May 1, 2017) – Mark Whelan, vice president of NorthMarq Capital’s Boston-based regional office, finalized the $2.65 million refinance of a 41-unit multifamily property located in Hudson, New Hampshire. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “We began the process of finding a lender to retire the existing agency debt before the end of 2016,” Whelan noted. “We were happy to find a portfolio lender willing to hold the interest rate for more than 60-days without any added cost to the sponsors.”
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.
