December 16, 2016

NorthMarq Capital’s Boston office arranges $8 million refinance of 110-unit multifamily property in Manchester, New Hampshire

Multifamily Property

Debt & Equity

Multi-Tenant

BOSTON (December 12, 2016) – Mark Whelan, vice president of NorthMarq Capital’s Boston-based regional office, arranged the $8 million refinance of a 110-unit multifamily property located in Manchester, New Hampshire. The transaction was structured to be co-terminus with Phase II financing. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “We were very happy to assist our long-term client with a modification of a previous loan to include this new phase of the development,” said Whelan.

Available Multifamily 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.