June 25, 2014

NorthMarq Capital's Boston office arranges $1.3 million financing for Sunrise East Apartments in Derry, New Hampshire

Sunrise East Apts

Debt & Equity

Multi-Tenant

BOSTON (June 23, 2014) – James M. Murphy, managing director of NorthMarq Capital’s Boston based regional office arranged financing of $1.3 million for Sunrise East Apartments, a 28-unit multifamily property located at 73 East Broadway, Derry, New Hampshire. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “We are pleased to able to continue an almost 20-year relationship with the borrower,” said Murphy. “The lender was able to provide an attractive rate while also meeting the borrower’s requirements for non-recourse financing and flexible prepayment. They also were able to make allowances for potential estate planning in the future.”

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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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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