Retail (MT)
Debt & Equity

NorthMarq Capital’s Boston office finalized $3.675 million acquisition of retail center in Saugus, Massachusetts

BOSTON (July 26, 2017) Mark Whelan, vice president of NorthMarq Capital’s Boston regional office, arranged refinancing of $3,675,000 for a 11,500 sq. ft. retail center located in Saugus, Massachusetts. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. The center is anchored by Mattress Firm, FedEx and ForEyes (GrandVision). “We were happy to secure a ten-year fixed-rate loan under a non-recourse structure for this first-time investment property buyer,” said Whelan.

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.

Retail Center
Debt
$3,675,000