Multifamily

NorthMarq Capital’s Boston Office Arranges Financing of $1.7 Million for Multifamily Property in Manchester, New Hampshire

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.”

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.