NorthMarq Capital arranges $2.45 million refinance of office building in Concord, New Hampshire

BOSTON (September 22, 2014) – Michael Chase, Assistant Vice President of NorthMarq Capital’s Boston based regional office secured the $2.45 million refinance of a 27,253 sq.ft. office property located at One Pillsbury Street in Concord, New Hampshire. The commercial mortgage transaction was structured with a 7-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank “We were pleased to be able to continue a relationship that goes back over 15 years with the borrower,” said Chase. “Many of our capital sources recognized the quality of the real estate and the ownership, and we were successful placing the transaction with a regional bank who met the borrower’s requirements for a cash-out refinancing with a long-term fixed rate and a flexible prepayment penalty.”