NorthMarq’s Boston office arranges $2,175,000 in acquisition financing for 100 Park Place in Providence, Rhode Island
100 Park Place
BOSTON, MASSACHUSTETTS (November 25, 2019) – Jeff Munoz, vice president of NorthMarq’s Boston-based regional office, secured acquisition financing of $2,175,000 for 100 Park Place. The multifamily property is located in Providence, Rhode Island.
Financing Details:
- 5-year term
- 30-year amortization schedule
- NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a local bank.
Property Details:
- The property contains 42 units
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
