NorthMarq Capital’s Boston office arranges $3.8 million refinance of office building portfolio in Boston MSA

Office Building Portfolio
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BOSTON (March 7, 2017) Michael Chase, senior vice president, and Edward Riekstins, managing director, of NorthMarq Capital’s Boston regional office, arranged refinancing of $3,800,000 for three office properties totaling 28,000 sq. ft. located throughout the Boston MSA. The transaction was structured with a long-term fixed rate and flexible prepayment structure. NorthMarq arranged financing for the borrower through its relationship with a local bank. “We were able to succeed where others failed,” said Chase. “The sponsor did not have luck with a direct lending relationship, and we were able to place the loan request with a banking relationship that was able to meet the client’s requests for proceeds and loan structure.”

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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.