January 7, 2015

NorthMarq Capital’s Boston Office finalizes $1.35 million refinancing for Methuen, Massachusetts retail property

Methuen Retail Property

Debt & Equity

Multi-Tenant

BOSTON (January 5, 2015) – James M. Murphy, managing director of NorthMarq Capital’s Boston regional office secured $1.35 million in financing for a 6,216 sq.ft. retail property located at 194 Haverhill Street in Methuen, Massachusetts. The long-term non-recourse commercial mortgage 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. Major tenants on the property include Bank of American and a UPS store. “The property is a two-tenant retail building located immediately off of I-95 as an out parcel of the Market Basket anchored Merrimac Plaza in Methuen,” said Murphy. “We were pleased to be able to continue a relationship with the borrower that has gone back more than 20-years. The lenders were quick to recognize the quality of the asset, location, tenancy and sponsorship. A regional bank stepped forward with a long-term non-recourse quote.”

Available Retail (MT) properties

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.