NorthMarq Capital’s Boston office arranges $3.8 million refinance of office building portfolio in Boston MSA
Office Building Portfolio
BOSTON (March 7, 2017) Michael Chase, senior vice president, and Edward Riekstins, managing director, of NorthMarq Capital’s Boston regional office, arranged refinancing of $3,800,000 for three office properties totaling 28,000 sq. ft. located throughout the Boston MSA. The transaction was structured with a long-term fixed rate and flexible prepayment structure. NorthMarq arranged financing for the borrower through its relationship with a local bank. “We were able to succeed where others failed,” said Chase. “The sponsor did not have luck with a direct lending relationship, and we were able to place the loan request with a banking relationship that was able to meet the client’s requests for proceeds and loan structure.”
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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.
