BOSTON (November 27, 2017) – Edward Riekstins, managing director and Michael Chase, senior vice president of NorthMarq Capital’s Boston regional office, finalized a $1.7 million refinance of a 53-unit multifamily property located along Pine Street in Manchester, New Hampshire. The transaction included a long-term fixed rate financing and with a flexible prepayment structure. NorthMarq arranged financing for the borrower through its relationship with a regional bank.
“The property is a quality multifamily asset serving downtown Manchester,” explained Riekstins. “This transaction marked the seventh financing arranged by NorthMarq in Manchester over the last 18 months.”