September 27, 2017

NorthMarq Capital’s Boston office arranges $4.06 million refinance of multifamily in Hudson, New Hampshire

Hudson Multifamily

Debt & Equity

Multi-Tenant

BOSTON (September 26, 2017) Mark Whelan, vice president of NorthMarq Capital’s Boston regional office, arranged refinancing of $4.06 million for a 36-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 were very pleased to secure favorable terms from a portfolio lender for our client on this legacy asset,” said Whelan. “The lender held the sub-4% rate for an extended period in a volatile market, enabling our clients to avoid a costly prepayment penalty.”

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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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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