NorthMarq Capital’s Boston office secures $1.79 million refinance of Nashua, New Hampshire office building
Office Building
BOSTON (September 7, 2016) – Michael Chase, senior vice president of NorthMarq Capital’s Boston-based regional office, arranged the $1.79 million refinance of a 33,000 sq. ft. office building located in Nashua, New Hampshire. The long-term financing was arranged for the borrower through its relationship with a regional bank. “The property is a two-story office building that had recently lost a major tenant,” explained Chase. “By the time the property was re-leased only a short window remained prior to maturity of the existing debt. The strength and impeccable reputation of the sponsorship combined with a quality asset allowed us to find a lender willing to meet the borrower’s requirements and close in under thirty days.”
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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.
